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Sold on 12 Dec 2019

139 Cecil Street South Melbourne VIC 3205

  • Hotel, Motel, Pub & Leisure
  • 531 m²
  • Sold

A South Melbourne Icon

  • A South Melbourne Institution
  • Opposite South Melbourne Market
  • Established Longstanding Tenant

Savills is delighted to offer for sale this iconic South Melbourne property located at 139 Cecil Street, South Melbourne, and widely known as The George Hotel. This striking corner property is ideally located opposite the South Melbourne Market, as well as being in close proximity to Southbank and Melbourne’s CBD. With strong income and a blue-chip position, ‘The George Hotel’ presents as an outstanding investment opportunity with significant future development upside.

The key attributes of this incredible property include:

* A classic two level freehold hotel in exceptional condition
* Operating for over 150 years, The George Hotel is a true South Melbourne institution
* Established and successful long term tenant
* 5+5+5+5 year lease commencing January 2018
* Current Net Rental: $253,146 per annum* + Outgoings & GST
* Incredibly valuable total landholding of 406sq m*
* Commercial 1 Zone with exceptional future development potential
* An unbelievable location situated directly opposite the South Melbourne Market within the heart of the South Melbourne Village retail precinct
* The ultimate investment with significant future upside!

The property is For Sale by Expressions of Interest closing Tuesday 28 August at 2pm.

For further information, please contact:

Nick Peden - 0402 011 266
Clinton Baxter - 0413 569 888
Jesse Radisich - 0402 085 702

Supporting Documents

Supporting Document 1
Address139 Cecil Street South Melbourne VIC 3205
ZoningC1Z - Commercial 1 Zone (C1Z)
CouncilPORT PHILLIP CITY
We try our best to keep zoning info up to date but can never guarantee it's accurate or complete. Check directly with the relevant council to verify any zoning information.
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Property Highlights

Property ID2014523917
Date Sold12 Dec 2019
Floor Area531 m²
Land Area406 m²
ParkingAsk Agent
Building TypeWhole building
Category
Last updated  12 Dec 2019
Map for 139 Cecil Street South Melbourne VIC 3205
Map for 139 Cecil Street South Melbourne VIC 3205139 Cecil Street South Melbourne VIC 3205
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  • Purchase Price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

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Savills Melbourne
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