609 Swanston Street Carlton VIC 3053
- Hotel / Leisure
- 1,192 m²
- Expressions of Interest
Student Accommodation Conversion Opportunity
Colliers International, in conjunction with CBRE, is pleased to present the opportunity to acquire the Ibis Melbourne Swanston Street, ideally suited to Student Accommodation.
The hotel is operated by Accor under the Ibis brand, however is offered for sale with vacant possession, opening up a re-branding opportunity for owner-operator or an investor with operator relationships to gain a foothold in one of the most sought-after markets in Australia.
The asset has flexibility to be operated in its current use as a hotel, or alternatively has merits to be repositioned into student accommodation.
The hotel is located in a prime northern CBD position within Melbournes university and hospital precincts. The asset is also is well located to benefit from the new $11b Melbourne metro tunnel, which will further connect the area to wider Melbourne, with State Library and Parkville Stations in walking distance.
The hotel has an attractive and well-maintained fit out, featuring 235 guest rooms and modern facilities, including two food and beverage outlets. The hotel also features spacious public areas and an outdoor deck area.
The hotel offers fixed income streams from the leased components from the café, restaurant and bar and parking.
Expressions of Interest are closing Tuesday 15 October 2019 (unless sold prior).
For further information, please contact Guy Wells.
EXPRESSION OF INTEREST
|Closing date and time||15/10/2019 12:00|
|Recipient name||Guy Wells|
|Floor Area||Ask Agent|
|Land Area||1,192 m²|
|Parking||On site parking available|
|Annual Return||Ask Agent|
|Last updated||9 Sep 2019|