The Woodlands Hotel is up for sale, offering investors an opportunity to secure an established business in one of Melbourne’s most popular cultural hubs.
Father and son owner-operators, Michael and Hayden George, have appointed CBRE Hotels’ Will Connolly to market the Coburg pub for sale.
The 398sqm, two-storey hotel features an eclectic interior, public bar, well-appointed commercial kitchen, first floor dining room and an ‘atrium’ style function room and live music area.
The asset is being offered to market as a genuine Freehold Going Concern opportunity, alleviating potential GST implications upon sale.
Mr Connolly noted; “Freehold Going Concern hotels are becoming a sought after commodity in an industry that has experienced unprecedented demand from operators, investors and developers.”
“Positioned in a location experiencing substantial rejuvenation and development, The Woodlands Hotel is expected to gain interest from a wide range of buyers,” Mr Connolly said.
The Woodlands Hotel is being offered for sale via Expression of Interest closing Thursday, June 13, 2019 (AEST).
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CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.