By Chris Kirby-Ryan
Right across from the South Melbourne Beach on the Beaconsfield Parade, Albert Park, the Beach Hotel is popular with locals and tourists alike for its vibrant atmosphere and picturesque views across Port Phillip Bay.
Having been a sought-after haunt with Melburnians since the late 19th century, this two-storey bar and function venue benefits from laneway access and nine accommodation rooms on the upper level.
New tenants recently took over the lease, and the freehold is now up for sale through CBRE Hotels’ Scott Callow via Expressions of Interest.
Adjoining the 1,713 m² corner hotel is the 387 m² Foodworks Supermarket and Liquor Store, making this substantial beachfront site absolutely ripe for future development. Rental return from the hotel is $610k, and $148k on the Foodworks.
Boasting some of Melbourne’s finest event spaces, the hotel is a favourite for wedding, corporate events and other functions. It offers TAB, gaming facilities, bars and restaurants, a big screen TV for sports fans, and a generous beer garden.
Zoned Commercial 1, Callow expects the Beach to attract investors and developers both nationally and internationally.
“This substantial beachfront site will offer tremendous future development opportunity, with the security of strong trading operations, which include gaming,” he told PubTIC.
The EOI campaign closes Wednesday 8 March.
