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JLL - Hotels & Hospitality Group
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The Lion Hotel, 161 Melbourne Street North Adelaide, SA 5006

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For Sale - Expression of Interest closing Fri 22 Nov

The Lion Hotel, 161 Melbourne Street
North Adelaide, SA 5006

Hotel & Leisure
Sale Price

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Land area

0.48ha (1.19 acres)

Floor area

6034.0m²

Property extent

Whole

Tenure type

Vacant Possession

Expression of Interest

Closing

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Landmark pub offering development potential with adjoining property

  • Iconic city fringe hotel
  • Combined site of 4,833sqm
  • 20 EGMs, approved for 40
JLL Hotels & Hospitality Group is delighted to present to market the Freehold Going Concern of The Lion Hotel together with the Freehold Interest in 183 Melbourne Street.

Investment highlights include:

• Hotel facilities include a bar, award winning restaurant, all day cafe, architecturally designed beer garden, multiple function rooms and ample patron car parking
• Includes 20 EGMs (with approval for 40)
• A multitude of major awards including the coveted AHA SA Best Overall Hotel on several occasions
• 183 Melbourne Street covers 2,888sqm* of lettable space with 11 mostly long-standing tenants including well known South Australian wool brokers the Michell Group and Mortgage Choice
• Includes 2am liquor licence
• Providing a combined holding income of $1,700,000*
• Significant combined land holding of 4,833sqm* offering mid to long term development potential (STCA) with the ability to maintain holding income

Presented for sale for the first time in 20 years, this is an incredible opportunity for local and national hoteliers groups looking to expand their capital city portfolios or investors seeking a much higher holding income than alternative land-banking opportunities.

*Approx.

For sale by Expressions of Interest closing 4:00pm (AEDT) Friday 22 November 2019

Property ID: 503375682Last Updated: 8 Nov 2019

JLL - Hotels & Hospitality Group
The Lion Hotel, 161 Melbourne Street
North Adelaide, SA 5006
John Musca
Will Connolly

JLL - Hotels & Hospitality Group

Level 25, 420 George Street
SYDNEY, NSW 2000

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JLL - Hotels & Hospitality Group

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JLL - Hotels & Hospitality Group

Level 25, 420 George Street
SYDNEY, NSW 2000
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John Musca

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John Musca
JLL - Hotels & Hospitality Group
The Lion Hotel, 161 Melbourne Street North Adelaide, SA 5006

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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