» »
A South Melbourne Icon

139 Cecil Street, SOUTH MELBOURNE VIC, 3205

Sold

Property Sold in 139 Cecil Street, SOUTH MELBOURNE VIC, 3205

Listing ID:
11309514
Status:
Sold
Last Updated:
12/12/2019
Icon building

Property Type

Hotel/Leisure/Retail/Other
Icon square

Land Area

406 SQM
Icon size

Floor Area

531 SQM
Icon parking

Parking

N/A

A South Melbourne Icon

Savills is delighted to offer for sale this iconic South Melbourne property located at 139 Cecil Street, South Melbourne, and widely known as The George Hotel. This striking corner property is ideally located opposite the South Melbourne Market, as well as being in close proximity to Southbank and Melbourne’s CBD. With strong income and a blue-chip position, ‘The George Hotel’ presents as an outstanding investment opportunity with significant future development upside.

The key attributes of this incredible property include:

* A classic two level freehold hotel in exceptional condition
* Operating for over 150 years, The George Hotel is a true South Melbourne institution
* Established and successful long term tenant
* 5+5+5+5 year lease commencing January 2018
* Current Net Rental: $253,146 per annum* + Outgoings & GST
* Incredibly valuable total landholding of 406sq m*
* Commercial 1 Zone with exceptional future development potential
* An unbelievable location situated directly opposite the South Melbourne Market within the heart of the South Melbourne Village retail precinct
* The ultimate investment with significant future upside!

The property is For Sale by Expressions of Interest closing Tuesday 28 August at 2pm.

For further information, please contact:

Nick Peden - 0402 011 266
Clinton Baxter - 0413 569 888
Jesse Radisich - 0402 085 702

For more details, please email agent

Savills Melbourne

Level 48, 80 Collins Street, Melbourne, VIC 3000


More properties from Savills Melbourne
For Sale
429-435 Albert Street, BRUNSWICK VIC, 3056

429-435 Albert St...

Land/DevelopmentLand/DevelopmentOther
For Sale
101-103 White Street, MORDIALLOC VIC, 3195

101-103 White Str...

Land/DevelopmentLand/Development
Sold
28-30 Cambridge Street, BOX HILL VIC, 3128

28-30 Cambridge S...

Land/DevelopmentLand/Development
For Sale
9 Newsom Street, ASCOT VALE VIC, 3032

9 Newsom Street, ...

Land/DevelopmentOffices
Sold
40-42 Woods Street, LAVERTON VIC, 3028

40-42 Woods Stree...

Land/DevelopmentLand/Development
Sold
622-624 Lygon Street, CARLTON NORTH VIC, 3054

622-624 Lygon Str...

OfficesMedical/ConsultingOther
More properties from South Melbourne
For Lease
163 Clarendon Street, SOUTH MELBOURNE VIC, 3205

163 Clarendon Str...

RetailOffices
Leased
6/163 Eastern Road, SOUTH MELBOURNE VIC, 3205

6/163 Eastern Roa...

Offices
Leased
4/163 Eastern Road, SOUTH MELBOURNE VIC, 3205

4/163 Eastern Roa...

Offices
Leased
CW2/52 Albert Road, SOUTH MELBOURNE VIC, 3205

CW2/52 Albert Roa...

Offices
For Lease
First Floor/147 Montague Street, SOUTH MELBOURNE VIC, 3205

First Floor/147 M...

Offices
For Lease
276-278 Park Street, SOUTH MELBOURNE VIC, 3205

276-278 Park Stre...

RetailRetailRetail
Loading...