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115 Bay Street Port Melbourne VIC 3207

  • Hotel, Motel, Pub & Leisure
  • 584 m²
  • For Sale, Contact Agent

Iconic Port Melbourne venue

  • $1.5m Court House restoration
  • Iconic hospitality business
  • 584sqm corner site in MUZ

Melbournes most iconic hospitality venues.

The opportunity exists to acquire the Freehold & Business of Ciao Cielo in-one-line or alternatively, the Leasehold Business.

Leasehold Business investment highlights include:

* Long lease term available with favourable lease terms
* Located within a densely populated residential precinct with immediate catchment of around 17,750 people
* High volume trade both current and historical
* State-of-the-art plant & equipment included in sale
* A true turn-key operation in a time of revival for Melbournes hospitality sector

Offers over $1,650,000 plus SAV

Property features include:

* Opportunity to acquire Port Melbournes iconic Ciao Cielo restaurant
* Dominant corner position in the heart of Bay Street, within minutes to Port Melbourne Beach and 3.5km* to Melbourne CBD
* High volume trading venue with strong bottom line
* Generous 584sqm* site in Mixed Use Zone
* Ample outdoor dining space to cater for current hospitality guidelines
* Minimal capex required in the short term with no expense spared on recent renovation
* $1.5m restoration of Port Melbournes historic former Court House
* Your chance to secure one of Melbournes most stunning and historical buildings

*Approx.

For sale by Private Treaty

Property Highlights

Property ID2016584411
Floor Area584 m²
Land Area584 m²
ParkingOn site parking available
Annual ReturnAsk Agent
AvailabilityVacant
Category
Last updated  4 Feb 2021
Map for 115 Bay Street Port Melbourne VIC 3207
Map for 115 Bay Street Port Melbourne VIC 3207115 Bay Street Port Melbourne VIC 3207
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  • Purchase price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

Find out your loan options

Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

Property Highlights

Property ID2016584411
Floor Area584 m²
Land Area584 m²
ParkingOn site parking available
Annual ReturnAsk Agent
AvailabilityVacant
Category
Last updated  4 Feb 2021
JLL - Hotels & Hospitality Group
Level 25, 420 George Street Sydney NSW 2000

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