Cushman & Wakefield Melbco Middle Markets is excited to exclusively offer The Prince of Wales Hotel for sale, a cultural landmark and bustling entertainment venue in St Kilda. Recently refurbished, this iconic hotel at 2 Acland Street, corner Fitzroy Street, features 39 exquisite guest suites and diverse dining options including the Prince Dining Room, Prince Public Bar, and Little Prince Wine Bar. Positioned in the vibrant heart of St Kilda's shopping and entertainment district, The Prince attracts a dedicated mix of local patrons, tourists, and international visitors alike.
Key Highlights:
- Super prime hospitality venue, strategically located in St Kilda's dining and entertainment epicentre, less than 7km from Melbourne CBD
- 187sqm* of triple street frontage
- 13,258sqm* of Gross Building Area with development potential to maximize the site, including rooftop activation and additional levels, subject to council approval (STCA*)
- Situated within the bustling St Kilda Boulevard precinct, 500m* from St Kilda beach with numerous luxury residential developments including Saint Moritz ($800m newly completed apartment project)
- Award winning boutique hotel, offering 39 meticulously appointed luxury rooms, an array of bars, high-end dining, entertainment and event space
- Secure and diversified income streams with significant upside
- Extensive parking facilities including an adjacent 200-space multi-level carpark, offering future development scope (STCA). As well as private secure underground basement parking for 30 additional cars
- Historic significance being a component of St Kilda's cultural fabric since the 1800s, recently undergoing a multimillion-dollar refurbishment, including the establishment of Melbourne's famous "rain room" gallery space
- Unparalleled location at the junction of Acland Street and Fitzroy Street, with superb connectivity to major road arterials and public transport options
- Simply one of a kind, irreplaceable and intergeneration real estate not to be missed
*Approx.
*Subject to Council Approval (STCA).
For Sale by International Expressions of Interest, closing Thursday 6 June 2024 at 12pm (AEDT).
For further information or to arrange an inspection of the property, please contact the Cushman & Wakefield Melbco Middle Markets team as the exclusive selling agents:
Oliver Hay | +61 419 528 540
Daniel Wolman | +61 412 957 839
Leon Ma | +61 417 070 725
