191 Nicholson Street,
Abbotsford, VIC 3067
Hotel, Motel & Leisure • Development Sites & Land
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
Map of 191 Nicholson Street
Park Yourself Here – Invest, Occupy or Develop (STCA)
- Securely leased to established tenant
- Corner site of 480sqm
- Operating hotel with beer garden
Knight Frank is excited to offer The Park Hotel – 191 Nicholson Street (corner Vere Street), Abbotsford for sale via on-site Auction on Friday 1st September at 12 noon.
Located within this thriving inner city locale the property will suit a number of buyer groups including investors, publicans, hospitality groups and future developers (STCA).
Currently returning $83,340 p.a.net the property offers the ability to be purchased on vacant possession (subject to agreement with sitting tenant), if desired.
Key features include:
• Operating hotel featuring front bar, dining room, commercial kitchen, beer garden plus upstairs accommodation
• Total Building Area of 500sqm approx.
• Corner site of 480sqm approx. with combined street frontage of 46.6m approx.
• Current lease term of 3 years (commenced 1 July 2015) with further term of 3 years
• Annual 4% increases plus review to market at the commencement of the further term
• Situated only 2.5km east of Melbourne's CBD and surrounded by a host of amenity including all forms of transport.
For sale by Public Auction held on-site on Friday 1st September at 12 noon.
The property is available for inspection every Tuesday throughout the campaign between 3.30pm-4pm.
For all enquiries please contact the exclusive marketing agents:
Andrew Greenway & Paul Pellegrino.
Located within this thriving inner city locale the property will suit a number of buyer groups including investors, publicans, hospitality groups and future developers (STCA).
Currently returning $83,340 p.a.net the property offers the ability to be purchased on vacant possession (subject to agreement with sitting tenant), if desired.
Key features include:
• Operating hotel featuring front bar, dining room, commercial kitchen, beer garden plus upstairs accommodation
• Total Building Area of 500sqm approx.
• Corner site of 480sqm approx. with combined street frontage of 46.6m approx.
• Current lease term of 3 years (commenced 1 July 2015) with further term of 3 years
• Annual 4% increases plus review to market at the commencement of the further term
• Situated only 2.5km east of Melbourne's CBD and surrounded by a host of amenity including all forms of transport.
For sale by Public Auction held on-site on Friday 1st September at 12 noon.
The property is available for inspection every Tuesday throughout the campaign between 3.30pm-4pm.
For all enquiries please contact the exclusive marketing agents:
Andrew Greenway & Paul Pellegrino.
Abbotsford, 3067 demographic data
The median household income for Abbotsford is $2,197, 16% higher than Greater Melbourne's household income of $1,901. Abbotsford has a younger age profile compared to the rest of Greater Melbourne (median age 33 vs 37). Property ownership data shows 61% of property owners in Abbotsford have a mortgage.
9,088
Population
$2,197 per week
Median household income
33 years
Median age
Renters
Most residents
Families
Most households
03 8545 86...
191 Nicholson Street
Abbotsford, VIC 3067
Knight Frank - Eastern OfficeLevel 3 10 Nexus Court
MULGRAVE, VIC 3170
MULGRAVE, VIC 3170
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