Internal Ref: 1P6449
Summary
CRE Brokers are delighted to present the leasehold interest of The Local Hotel, Port Melbourne. Key Features: • New long lease: Secure lease with strong tenure and options • Multiple Income ...
Location Details
Bay Street
About the Business
CRE Brokers are delighted to present the leasehold interest of The Local Hotel, Port Melbourne.
Key Features:
• New long lease: Secure lease with strong tenure and options
• Multiple Income Streams: Includes downstairs front bar, leather dinning booths, large upstairs functions room & balcony bar
• Prime Location: Situated in the heart of Bay St, Port Melbourne, just minutes from the CBD, beach, public transport & major arterials.
• Licensed until Late: On-premises liquor license to 1am
• Turnkey Operation: Ideal for an experienced operator or first-time buyer. The $100,000 represents the Plant & Equipment sale for outgoing tenant.
This is a rare opportunity to commence a new business in a premium inner Melbourne location. With increasing residential and commercial density in the area, the future upside is significant.
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