CBRE Hotels has been appointed to lease the popular South Melbourne establishment Wayside Inn.
Located on a prominent corner block at 446 City Road, the 150-year old pub is minutes away from the CBD and St Kilda’s main entertainment precinct.
Wayside Inn boasts a modern interior, following refurbishments in 2018, and comprises a large front bar with footpath trading, a family friendly bistro, and an upstairs function room with substantial outdoor decking. It additionally offers a 5am General Liquor Licence - an uncommon feature of venues in South Melbourne.
CBRE Hotels’ Will Connolly, who is acting on behalf of the Cadzow family, said the listing presented a rare ‘entry level’ opportunity in a high demand market.
“The Wayside Inn is poised to maintain South Melbourne’s pub resurgence. And, given the lack of opportunity within our market currently, we are expecting significant interest from a varied range of hospitality operators.”
“The successful tenant will be able to take advantage of both the pub’s locational advantages, its high quality fittings, and the potential to expand on its current offering, such as an upstairs extension and rooftop activation to capitalise on the available city views.”
The Wayside Inn is being offered For Lease via Expression of Interest closing Thursday, March 14 2019 (AEDT).
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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 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.