The Bobbie Peels Hotel, 351 Queensberry Street, NORTH MELBOURNE, VIC 3051
The Bobbie Peels Hotel, 351 Queensberry Street,
NORTH MELBOURNE, VIC 3051
for Sale
346m² (approx)
PRICE
Contact Agent
PROPERTY ID
AU-6049274-1
Offers to Purchase
For Sale - Hotel/Leisure
THE BOBBIE PEELS HOTEL
Highlights
346sqm site area
Landbank and investment opportunity
MIxed use zone
Overview
CBRE Hotels is please to offer for sale The Bobbie Peels Hotel, North Melbourne.
Key Investment Highlights:
- 346sqm* site area, mixed use zone allowing multiple development options and future uses (stca)
- Currently leased at $95,850p.a. Plus GST and Outgoings Approx (Lease term of 5 years from 16th Feb 2016) there are 3 x 5 year options but the business could also potentially be available.
- Great landbank and investment opportunity to create your own venue in due course
- Outdoor dining recently activated on Queensberry Street and potential for laneway at rear
- Good capital appreciation over time in this location, should be able to get at least 4 levels on a development now, probably more in the future
- Nearby the University, Hospital and Market precincts
