The Emerald Hotel

Offered for first time in 48 years

JLL Hotels & Hospitality Group is delighted to exclusively offer for sale the freehold interest in South Melbourne's long-standing and local institution, The Emerald Hotel.

The property is prominently positioned on Clarendon Street, South Melbourne's main commercial & retail strip, within minutes to the Melbourne CBD and Crown Casino, and a short walk to Albert Park Lake.

Highlights include:

• Favourable Commercial 1 Zoning providing future development potential (STCA)
• High profile 667sqm* corner site on South Melbourne’s main commercial & retail strip
• Traditional pub featuring a large bistro, restaurant, sports bar with TAB facilities, courtyard/beer garden and an alfresco dining option on Clarendon Street
• Experienced tenant in place with near term Vacant Possession providing the ability renegotiate the lease or occupy in the near future
• Current net rental of $174,454 + GST plus outgoings
• Proximate to around 100 new residential developments
• Property presents in excellent condition both externally and internally

Occupy in the short term, invest for the long term, re-develop for the future

For sale by Expressions of Interest closing Friday 4 December 2020 at 4:00pm (AEDT)