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Sold on 6 Sep 2018

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:

Clinton Baxter - 0413 569 888
Benson Zhou - 0458 488 888
Julian Heatherich - 0412 995 655

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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Nick Peden
Savills Melbourne
Nick Peden
Savills Melbourne
Clinton Baxter
Savills Melbourne
Clinton Baxter
Savills Melbourne

Property Highlights

Property ID2014523917
Date Sold6 Sep 2018
Floor Area531 m²
Land Area406 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  15 Jun 2021
Map for 139 Cecil Street South Melbourne VIC 3205
Map for 139 Cecil Street South Melbourne VIC 3205139 Cecil Street South Melbourne VIC 3205
Nick Peden
Savills Melbourne
Nick Peden
Savills Melbourne
Clinton Baxter
Savills Melbourne
Clinton Baxter
Savills Melbourne

Property Highlights

Property ID2014523917
Date Sold6 Sep 2018
Floor Area531 m²
Land Area406 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  15 Jun 2021
Savills Melbourne
Level 29, South Tower, 80 Collins Street, Melbourne VIC 3000
Nick Peden
Savills Melbourne
Nick Peden
Savills Melbourne
Clinton Baxter
Savills Melbourne
Clinton Baxter
Savills Melbourne
Nick Peden

Nick Peden

Savills Melbourne

Clinton Baxter

Clinton Baxter

Savills Melbourne

0402 *** ***
0402 011 266

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