FREEHOLD FOR SALE__ THE LIMERICK ARMS HOTEL 364 CLARENDON STREET, SOUTH MELBOURNE VIC 3205
BUSINESS Detail
BUSINESS DESCRIPTION
FOR SALE______THE LIMERICK ARMS HOTEL
364 Clarendon Street,
South Melbourne
FREEHOLD SALE
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.
KEY PROPERTYY HIGHLIGHTS INCLUDE:
^ 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
ATTRIBUTES
Building area net
715 m²
Land area gross
347 m²
PRIVATE SALE: $4.5M+
For further information on this opportunity, please contact Boston Brokers selling agents.
Nathan Lihari 0411 988 999
