191 Nicholson StreetAbbotsford VIC 3067
Property Details for 191 Nicholson St, Abbotsford
Last Listing description (November 2017)
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.
Operating hotel featuring front bar, dining room, commercial kitchen, beer garden plus upstairs accommodation
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.
Property History for 191 Nicholson St, Abbotsford, VIC 3067
- 04 Aug 2017Listed for Sale Not Disclosed
Recent sales nearby
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0About Abbotsford 3067
The size of Abbotsford is approximately 1.8 square kilometres. It has 10 parks covering nearly 14.0% of total area. The population of Abbotsford in 2016 was 8184 people. By 2021 the population was 9088 showing a population growth of 11.0% in the area during that time. The predominant age group in Abbotsford is 30-39 years. Households in Abbotsford are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Abbotsford work in a professional occupation.In 2021, 42.50% of the homes in Abbotsford were owner-occupied compared with 38.80% in 2016.
Abbotsford has 7,996 properties. Over the last 5 years, Houses in Abbotsford have seen a 9.65% increase in median value, while Units have seen a 7.03% increase. As at 31 December 2025:
- The median value for Houses in Abbotsford is $1,319,852 while the median value for Units is $559,413.
- Houses have a median rent of $750 while Units have a median rent of $590.
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