The Cornerstone, 1 Crockford Street,
Port Melbourne, VIC 3207
Hotel, Motel & Leisure
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JLL - Hotels & Hospitality Group
Level 27, 180 George StreetSYDNEY, NSW 2000
The Cornerstone, 1 Crockford Street
Port Melbourne, VIC 3207
Map of The Cornerstone, 1 Crockford Street
Train stations within 5 km of The Cornerstone, 1 Crockford Street, Port Melbourne, VIC 3207 Distance Southern Cross Station 1.9 km Sturt Stsouthbank BVD 2.2 km Flinders Street Railway Station 2.6 km Flagstaff Station 2.6 km 7-Flagstaff Railway Station/William St (Melbourne City) 2.6 km POWERED BY HERE ©Tram stops within 5 km of The Cornerstone, 1 Crockford Street, Port Melbourne, VIC 3207 Distance 127-North Port Station/Light Rail (Port Melbourne) 307 m 27-Park St/Montague St (South Melbourne) 751 m 27-Montague St/Park St (South Melbourne) 778 m 127-South Melbourne Station/Light Rail (South Melbourne) 814 m 128-Graham St/Light Rail (Port Melbourne) 832 m POWERED BY HERE ©Bus stops within 5 km of The Cornerstone, 1 Crockford Street, Port Melbourne, VIC 3207 Distance Raglan St/Crockford St (Port Melbourne) 41 m Boundary St/Crockford St (Port Melbourne) 246 m Pickles St/Crockford St (Port Melbourne) 335 m 158 Bridge St 352 m Lyell St/Dorcas St (South Melbourne) 355 m POWERED BY HERE ©
POWERED BY HERE ©
Landmark freehold pub in premier beachside location
- Returning $144,637 net pa
- Leased with options to 2037
- 413sqm site in Commercial 1 Zone
JLL Hotels & Hospitality Group is thrilled to exclusively offer for sale for the first time in 25 years, the freehold interest in Port Melbourne’s Cornerstone Hotel.
Securely leased to experienced, multi-venue hospitality operators, the asset presents an outstanding opportunity to enter into or add to your portfolio in one of Melbourne’s most sought-after and tightly held markets.
Investment highlights include:
* Attractive lease terms offering a 5-year initial term with options to 2037, annual increase via CPI and rental income of $144,637 plus GST
* High profile corner site with over 20 metres of street frontage to Port Melbourne’s main retail strip, Bay Street
* 413sqm site within flexible Commercial 1 Zone offering significant underlying land value
* Landmark pub asset, fully refurbished providing two floors of generous trading zones for the tenant
* Affluent bayside location and top growth suburb attracting a median house price of $1,850,000 for the Dec-23 quarter
* Surrounded by quality amenity and recreation areas with excellent connectivity via light rail and tram
For sale via national Expressions of Interest closing Wednesday 1 May 2024 at 5:00pm AEST.
For further information on this opportunity, please contact the exclusive selling agents.
Securely leased to experienced, multi-venue hospitality operators, the asset presents an outstanding opportunity to enter into or add to your portfolio in one of Melbourne’s most sought-after and tightly held markets.
Investment highlights include:
* Attractive lease terms offering a 5-year initial term with options to 2037, annual increase via CPI and rental income of $144,637 plus GST
* High profile corner site with over 20 metres of street frontage to Port Melbourne’s main retail strip, Bay Street
* 413sqm site within flexible Commercial 1 Zone offering significant underlying land value
* Landmark pub asset, fully refurbished providing two floors of generous trading zones for the tenant
* Affluent bayside location and top growth suburb attracting a median house price of $1,850,000 for the Dec-23 quarter
* Surrounded by quality amenity and recreation areas with excellent connectivity via light rail and tram
For sale via national Expressions of Interest closing Wednesday 1 May 2024 at 5:00pm AEST.
For further information on this opportunity, please contact the exclusive selling agents.
Property ID: 504556924Last Updated: 3 Apr 2024
JLL - Hotels & Hospitality GroupLevel 27, 180 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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