The freehold interest in landmark Chapel Street pub The Lucky Coq is to be offered for sale for the first time in close to 50 years.
The CBRE Hotels team of Will Connolly and Scott Callow has been appointed to market the Windsor institution on behalf of Jon, Angelina and Michele Caneva.
Occupying a prime corner site at 179 Chapel Street, the highly successful late night venue features a large ground floor public bar and casual dining space, adjacent commercial kitchen with rear laneway access as well as a first-floor function room with an atrium style outdoor space popular for summer trade.
“The Caneva’s have owned The Lucky Coq for 47 years and we believe the successful purchaser may have the same desire to hold this asset long-term, given that corner pubs rarely become available in this area of Melbourne,” Mr Connolly said.
Mr Callow said the property’s long term lease covenant to multi-venue hospitality operator Colonial Leisure Group would be a significant draw card for prospective purchasers.
“Colonial Hotel Group is recognised for operating many venues both in Melbourne and interstate, including the Portsea Hotel and the Botanical at South Yarra, with the remaining 12-year lease term on the Lucky Coq providing considerable security of income.”
The Lucky Coq is being offered for sale via an Expressions of Interest campaign closing Wednesday, September 8th at 4pm.
The CBRE Hotels team of Will Connolly and Scott Callow has been appointed to market the Windsor institution on behalf of Jon, Angelina and Michele Caneva.
Occupying a prime corner site at 179 Chapel Street, the highly successful late night venue features a large ground floor public bar and casual dining space, adjacent commercial kitchen with rear laneway access as well as a first-floor function room with an atrium style outdoor space popular for summer trade.
“The Caneva’s have owned The Lucky Coq for 47 years and we believe the successful purchaser may have the same desire to hold this asset long-term, given that corner pubs rarely become available in this area of Melbourne,” Mr Connolly said.
Mr Callow said the property’s long term lease covenant to multi-venue hospitality operator Colonial Leisure Group would be a significant draw card for prospective purchasers.
“Colonial Hotel Group is recognised for operating many venues both in Melbourne and interstate, including the Portsea Hotel and the Botanical at South Yarra, with the remaining 12-year lease term on the Lucky Coq providing considerable security of income.”
The Lucky Coq is being offered for sale via an Expressions of Interest campaign closing Wednesday, September 8th at 4pm.
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About CBRE Group, Inc.
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 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 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.
About CBRE Group, Inc.
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 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 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.
