139 Cecil StreetSouth Melbourne VIC 3205
Property Details for 139 Cecil St, South Melbourne
Last Listing description (September 2021)
Savills is delighted to offer for sale this iconic South Melbourne property located at 139 Cecil Street, South Melbourne, and widely known as The George Hotel. This striking corner property is ideally located opposite the South Melbourne Market, as well as being in close proximity to Southbank and Melbourne's CBD. With strong income and a blue-chip position, 'The George Hotel' presents as an outstanding investment opportunity with significant future development upside.
The key attributes of this incredible property include:
* A classic two level freehold hotel in exceptional condition
* Operating for over 150 years, The George Hotel is a true South Melbourne institution
* Established and successful long term tenant
* 5+5+5+5 year lease commencing January 2018
* Current Net Rental: $253,146 per annum* + Outgoings & GST
* Incredibly valuable total landholding of 406sq m*
* Commercial 1 Zone with exceptional future development potential
* An unbelievable location situated directly opposite the South Melbourne Market within the heart of the South Melbourne Village retail precinct
* The ultimate investment with significant future upside!
The property is For Sale by Expressions of Interest closing Tuesday 28 August at 2pm.
For further information, please contact:
Benson Zhou - 0458 488 888
Julian Heatherich - 0412 995 655
Property History for 139 Cecil St, South Melbourne, VIC 3205
- 01 Feb 2019Listed for Sale SOLD - $5,200,000
- 06 Sep 2018Sold for $5,200,000
- 24 Jul 2018Listed for Sale Not Disclosed
Recent sales nearby
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0About South Melbourne 3205
The size of South Melbourne is approximately 2.2 square kilometres. It has 15 parks covering nearly 3.3% of total area. The population of South Melbourne in 2016 was 10920 people. By 2021 the population was 11548 showing a population growth of 5.8% in the area during that time. The predominant age group in South Melbourne is 30-39 years. Households in South Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in South Melbourne work in a professional occupation.In 2021, 42.40% of the homes in South Melbourne were owner-occupied compared with 40.20% in 2016.
South Melbourne has 12,879 properties. Over the last 5 years, Houses in South Melbourne have seen a 8.14% increase in median value, while Units have seen a 6.21% increase. As at 31 December 2025:
- The median value for Houses in South Melbourne is $1,743,660 while the median value for Units is $637,243.
- Houses have a median rent of $720 while Units have a median rent of $650.
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