Delighted to offer this outstanding hospitality venue for sale, superbly positioned within Melbourne’s iconic Grand Hotel and enjoying prominent frontage to the highly trafficked Spencer Street.
Combining prestige, scale and versatility, this exceptional property offers a rare opportunity to secure a high-quality venue in one of the city’s most sought-after hospitality precincts, just moments from Collins Street and Crown Casino.
Key highlights include:
• Total GLAR of 331sqm (approx.)
• Fully fitted commercial kitchen, ready for immediate operation
• Two (2) fully equipped wet bars, supported by shared back-of-house areas and a dedicated cool room
• Existing liquor licence in place
• Dedicated function space / private dining room
• Exclusive outdoor courtyards, including three (3) separate outdoor dining areas
• Signage rights with excellent visibility to Spencer Street
• Prime CBD fringe location, moments from Collins Street and Crown Casino
• Two (2) titled car parks available for purchase separately
• To be sold with Vacant Possession
The Essentials
• Council Rates: $7843 per annum (approx.)
• Water Rates: $184 per annum (approx.)
• Rental income: $260,000 per annum (approx.)
This is a rare chance to acquire a high-profile hospitality asset with exceptional exposure, strong fundamentals and significant upside in a tightly held Melbourne location.
All information including the internal and external property area (floor size, address, and general property description) on the website has been provided to Lucas Real Estate by third parties.
Information contained on the website should not be relied upon and homebuyers are encouraged to undertake due diligence before a property purchase.
Please contact Baden Lucas on 0418 888 751 or Ricky Li on 0487 888 873 to secure this property today!