273-279 Cecil Street

South Melbourne VIC 3205

Presenting as a multi-faceted investment opportunity, included in the sale are three luxuriously appointed residential apartments, purposely built across the first and top floors of the property, providing discerning purchasers the ability to invest or occupy in one of Melbourne's most prestigious residential locales.

Key investment highlights include:

- Securely leased to ground floor pub tenancy with a current term of 10 years plus one further term of 10 years
- Net rental income of $247,686 p.a. with 4% annual increases
- Landmark city fringe building, just 4kms from Melbourne's CBD and within walking distance to Albert Park Lake
- Three well appointed apartments with stunning views to the CBD and Albert Park Lake
- All apartments provide the ability to occupy immediately, lease long term or short term holiday letting
- Highly touted hotel lessee, operating a true 'institution' in Melbourne's hospitality landscape
- Includes a 1:00am General liquor licence

Architecturally designed, sparing no expense, atop this magnificent building is a luxurious three-bedroom and study penthouse, poised perfectly for entertaining, featuring a vast open plan kitchen, living and dining together with stunning terraces to take in the city views.

Two further two-bedroom apartments, also luxuriously appointed, enjoy this cosmopolitan locale. Close to restaurants, shops, the famed South Melbourne market, light rail, parklands and recreation facilities, and are among some of Melbourne's finest real estate.

This your opportunity to acquire a landmark hospitality investment with lucrative 4% fixed annual increases as well as the ability to 'value add' with the residential apartments poised to either lease for additional rental income or occupy in one of Melbourne's most desirable suburbs.

For sale via Expressions of Interest closing Thursday 10 November 2022 at 5:00pm AEDT.

For further information on this outstanding opportunity, please contact the exclusive selling agents.