Hotel/Leisure
ID 13975Updated
Sold
The Lion Hotel
161 Melbourne Street
North Adelaide, South Australia, 5006
Please contact us for price
- Size4,833 SQM
Will Connolly
Senior Vice President - Hotel Investment Sales - Pubs
Agent details
John Musca
National Director - Pub Investment Sales
Agent details
- Description
- Building Information
- Location
- Agents
Description
Landmark pub offering development potential with adjoining property
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 $1,400,000*
• 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
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 $1,400,000*
• 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
Location
Agents
Will Connolly
Senior Vice President - Hotel Investment Sales - Pubs
Agent details
John Musca
National Director - Pub Investment Sales
Agent details