Melbourne, 11 May 2014 – A Yarra Valley landmark, the Yarra Valley Grand Hotel, is available for sale.
Located at 19 Bell Street in the centre of Yarra Glen, this heritage building was built in 1888.
The sale includes the freehold property and the business which has a strong and successful trading history. The 3,745sqm building comprises a bar, bistro and hotel with ten en-suite guest rooms.
The recently refurbished modern interior benefits from a large deck with marque used for functions and a beer garden. The property also features a separate four bedroom residence with in-ground swimming pool.
Scott Callow from CBRE Hotels is selling the property on behalf of the owners, actors Alison Whyte and Fred Whitlock, who have successfully owned and operated the business for around seven years.
Mr Callow said he expects both local and interstate interest in the property, which should attract offers over $4.5 million.
The property is being sold via an Expressions of Interest campaign closing Thursday 5 June. Please contact Scott Callow on 0418 153 606 for more information.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website atwww.cbre.com.au.