Added 1 day ago
Golden Fleece Hotel, 120 Montague Street,
South Melbourne, VIC 3205
Shops & Retail
Added 1 day ago
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Lemon Baxter
Level 26, 2 Southbank BoulevardSOUTHBANK, VIC 3006
Golden Fleece Hotel, 120 Montague Street
South Melbourne, VIC 3205
Map of Golden Fleece Hotel, 120 Montague Street
Train stations within 5 km of Golden Fleece Hotel, 120 Montague Street, South Melbourne, VIC 3205 Distance Southern Cross Station 1.4 km Anzac Station 2 km Flinders Street Railway Station 2.1 km Flagstaff Station 2.2 km Town Hall Station 2.3 km POWERED BY HERE ©Tram stops within 5 km of Golden Fleece Hotel, 120 Montague Street, South Melbourne, VIC 3205 Distance 127-South Melbourne Station/Light Rail (South Melbourne) 503 m 126-City Rd/Light Rail (South Melbourne) 509 m 125a-Southbank Tram Depot/Light Rail (South Melbourne) 535 m 127-North Port Station/Light Rail (Port Melbourne) 648 m 125-Clarendon Street Juet Junction 772 m POWERED BY HERE ©Bus stops within 5 km of Golden Fleece Hotel, 120 Montague Street, South Melbourne, VIC 3205 Distance Montague StCity Rd 206 m Pickles StCrockford St Port Melbourne 305 m Ferrars St/City Rd (South Melbourne) 306 m Boundary St/Crockford St (Port Melbourne) 316 m Montague StNormanby Rd South Melbourne 349 m POWERED BY HERE ©
POWERED BY HERE ©
Prime South Melbourne Investment
- Secure Income with Built-In Growth
- Proven Hospitality Brand
- Situated in Major Growth Precinct
Lemon Baxter is pleased to present 120 Montague Street, South Melbourne, a tightly held, freestanding hospitality investment leased to the highly regarded Golden Fleece Hotel.
Positioned on a prominent corner within the Montague Precinct of the Fishermans Bend Urban Renewal Area, the property offers secure and growing income underpinned by a long-dated lease to an established hospitality operator. The venue is widely recognised for its Greece-inspired rooftop and strong lifestyle positioning.
Tenancy Profile
- Tenant: The Golden Fleece Hotel
- Net rental income: $146,316 per annum*
- Rental growth: Fixed 3% annual increases
- Market review: September 2026
- Lease structure: Long-dated lease with a further three (3) x five (5) year options available
- Tenancy profile: Established hospitality operator with a strong brand presence and loyal customer base
Located approximately 3km from the Melbourne CBD and benefitting from strong exposure along Montague Street, the asset sits within close proximity to South Melbourne Market, DFO South Wharf, the Melbourne Convention and Exhibition Centre and the West Gate Freeway, reinforcing its strategic appeal to investors seeking long-term security and relevance.
The property is offered for sale via Public Auction on Thursday 12 March 2026 at 12:00pm.
Contact our exclusive selling agents for more information.
*Approximate
Positioned on a prominent corner within the Montague Precinct of the Fishermans Bend Urban Renewal Area, the property offers secure and growing income underpinned by a long-dated lease to an established hospitality operator. The venue is widely recognised for its Greece-inspired rooftop and strong lifestyle positioning.
Tenancy Profile
- Tenant: The Golden Fleece Hotel
- Net rental income: $146,316 per annum*
- Rental growth: Fixed 3% annual increases
- Market review: September 2026
- Lease structure: Long-dated lease with a further three (3) x five (5) year options available
- Tenancy profile: Established hospitality operator with a strong brand presence and loyal customer base
Located approximately 3km from the Melbourne CBD and benefitting from strong exposure along Montague Street, the asset sits within close proximity to South Melbourne Market, DFO South Wharf, the Melbourne Convention and Exhibition Centre and the West Gate Freeway, reinforcing its strategic appeal to investors seeking long-term security and relevance.
The property is offered for sale via Public Auction on Thursday 12 March 2026 at 12:00pm.
Contact our exclusive selling agents for more information.
*Approximate
South Melbourne, 3205 demographic data
The median household income for South Melbourne is $2,101, 11% higher than Greater Melbourne's household income of $1,901. South Melbourne has an older age profile compared to the rest of Greater Melbourne (median age 39 vs 37). Property ownership data shows 53% of property owners in South Melbourne have a mortgage.
11,548
Population
$2,101 per week
Median household income
39 years
Median age
Renters
Most residents
Families
Most households
Lemon BaxterLevel 26, 2 Southbank Boulevard
SOUTHBANK, VIC 3006
SOUTHBANK, VIC 3006
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