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BOSTON BROKERS Hospitality Group are thrilled to present For Sale an outstanding prominently located corner freehold, The Limerick Arms Hotel, 364 Clarendon Street, South Melbourne.
The Limerick Arms Hotel benefits from a long-established tenant and strong underlying lease providing the ideal investment for an astute investor. With fixed rental increases and an increasingly affluent surrounding population the Limerick Arms is underpinned by its commercial 1 zoning in one of Melbourne’s most popular retail strips.
Leased to a long-standing tenant until 2039 (including options) to an experienced operator, successfully in control of the business since 2014
Located within an affluent and mixed use residential and commercial precinct providing the tenant a diverse consumer catchment
Prime corner landholding of 358 sqm* with 715 sqm* of building area
Includes valuable 3am ‘General’ late night liquor licence
Quality improvements featuring multiple trading areas including public bar, dining room, function spaces and accommodation rooms.
Triple Street Frontage with large footpath trading area
Commercial 1 zoning providing for exceptional flexibility of future development outcomes (STCA). The property is offered for sale alongside plans for future rooftop activation (STCA).
Excellent public transportation connectivity with access to Clarendon Street and Park Street tram lines with ease of access to arterial road network
Net annual income $223,620 / fixed 3% annual increases
Building area net
715 m²
Land area gross
347 m²
For further information on this opportunity, please contact Boston Brokers selling agents.
Nathan Lihari 0411 988 999
Serious buyers are invited to request the full information memorandum. We typically respond within one business day and can arrange a private inspection within the week.
The listing broker will respond within one business day.
