A private Melbourne family has listed the vacant freehold of one of Collingwood’s landmark pubs – the Leinster Arms Hotel – for the first time in 27 years.
The historic pub is a single-storey red brick structure built in the 1860s on a 596sqm block, with a commanding parapet and striking leadlight windows. It offers an intimate front bar, lounge, commercial kitchen and dining area, two function rooms and a bricked bistro and garden atrium, with 1am licence.
The pub was trading until after the 2018 AFL Grand Final, when the lease expired, and the family – unwilling to operate it themselves – determined a vacant possession sale was the best solution, engaging CBRE Hotels’ Will Connolly and Scott Callow to market the asset.
Its prime corner location in a sought-after area and absence of heritage controls mean considerable potential as a trading future development site, just three kilometres from the Melbourne CBD.
“Given it is available as vacant possession, the Leinster Arms Hotel presents the market with an extremely flexible opportunity,” suggests Connolly.
“We’re getting good interest from hospitality operators and investors wanting to lease it out, but at the same time, there’s a lot of residential development in that area, so a lot of interest from developers.”
The vacant freehold of the Leinster Arms Hotel will be auctioned onsite 11am, Friday, 7 December. Price expectation is around $3.8 million.