Knight Frank is excited to offer The Park Hotel – 191 Nicholson Street (corner Vere Street), Abbotsford for sale via on-site Auction on Friday 1st September at 12 noon.
Located within this thriving inner city locale the property will suit a number of buyer groups including investors, publicans, hospitality groups and future developers (STCA).
Currently returning $83,340 p.a.net the property offers the ability to be purchased on vacant possession (subject to agreement with sitting tenant), if desired.
Key features include:
• Operating hotel featuring front bar, dining room, commercial kitchen, beer garden plus upstairs accommodation
• Total Building Area of 500sqm approx.
• Corner site of 480sqm approx. with combined street frontage of 46.6m approx.
• Current lease term of 3 years (commenced 1 July 2015) with further term of 3 years
• Annual 4% increases plus review to market at the commencement of the further term
• Situated only 2.5km east of Melbourne's CBD and surrounded by a host of amenity including all forms of transport.
For sale by Public Auction held on-site on Friday 1st September at 12 noon.
The property is available for inspection every Tuesday throughout the campaign between 3.30pm-4pm.
For all enquiries please contact the exclusive marketing agents:
Andrew Greenway & Paul Pellegrino.
