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447 Church Street, Richmond, VIC, 3121

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447 Church Street, Richmond, VIC, 3121

447 Church Street, Richmond, VIC, 3121

Properties / Buy / Victoria / Richmond
Tenanted Investment

1. Property Summary

Selling Method
EOI
Land Area
485 m² (*approx)
Floor Area
1100 m² (*approx)
Property Type
Hotel/Leisure, Retail
Terms
15 year lease plus options
Est. Income
$516,785 p/a
Fully Leased
Australian Venue Co.
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2. Property Highlights

‘Harlow’ Pub + Bar | CIRCA 5.5% NET RETURN | 15 Year Lease to Australian Venue Co.
  • Secure 15 Year Lease Plus Options
  • Fully Net Income $516,785 p.a.
  • Major Asset Refurbishment ($3.7M)

Fitzroys is pleased to offer ‘Harlow’ Pub + Bar, 447 Church Street, Richmond for Private Sale.

The key features of this secure investment opportunity include:

- 15 year lease plus options to Australian Venue Co. – one of Australia’s largest venue operators, with annual turnover in excess of $1Bn

- Harlow Pub + Bar (formerly the Great Britain Hotel) has become one of Melbourne’s most popular pubs with rooftop bar

- Recent major refurbishment of the asset with $3.7M spent and featuring remarkable fit-out and design

- Returning $516,785 p.a. net (after Land Tax) with fixed annual increases

- Extensive 4-level building including basement, pub, garden area & rooftop featuring uninterrupted views

- Prime corner freehold site of 485sqm* with combined 45 metre* frontage (Church Street and Lesney Street)

- AVC owns and operates a portfolio of 210 venues across Australia and New Zealand

- AVC’s controlling shareholder is the $50Bn PAG Alternative Investment Group

- Located in Melbourne’s hottest lifestyle centre, with world class venues, cafes and restaurants nearby including Royal Saxon, Prince Alfred Hotel, Public House, Richmond Oyster Bar and more!

- On the doorstep of Cremorne’s “Technology Precinct” – home to major Australian Corporates – Australia Post, Seek, Carsales, Reece, etc.

- Outstanding public transport facilities nearby with East Richmond Station opposite and trams along Church Street and Swan Street

*Approx.

Remember to mention you found this property on CommercialReady

Read More
Dataroom
Tenanted Investment

1. Property Summary

Property Type
Hotel/Leisure, Retail
Est. Income
$516,785 p/a
Tenant
Australian Venue Co.
Terms
15 year lease plus options
Land Area
485 m² (*approx)
Floor Area
1100 m² (*approx)
Selling Method
EOI
DOCUMENTS AVAILABLE
Gain Access
EOI Closing Date
27 Mar 2024 12:00PM

2. Property Highlights

‘Harlow’ Pub + Bar | CIRCA 5.5% NET RETURN | 15 Year Lease to Australian Venue Co.
  • Secure 15 Year Lease Plus Options
  • Fully Net Income $516,785 p.a.
  • Major Asset Refurbishment ($3.7M)

Fitzroys is pleased to offer ‘Harlow’ Pub + Bar, 447 Church Street, Richmond for Private Sale.

The key features of this secure investment opportunity include:

- 15 year lease plus options to Australian Venue Co. – one of Australia’s largest venue operators, with annual turnover in excess of $1Bn

- Harlow Pub + Bar (formerly the Great Britain Hotel) has become one of Melbourne’s most popular pubs with rooftop bar

- Recent major refurbishment of the asset with $3.7M spent and featuring remarkable fit-out and design

- Returning $516,785 p.a. net (after Land Tax) with fixed annual increases

- Extensive 4-level building including basement, pub, garden area & rooftop featuring uninterrupted views

- Prime corner freehold site of 485sqm* with combined 45 metre* frontage (Church Street and Lesney Street)

- AVC owns and operates a portfolio of 210 venues across Australia and New Zealand

- AVC’s controlling shareholder is the $50Bn PAG Alternative Investment Group

- Located in Melbourne’s hottest lifestyle centre, with world class venues, cafes and restaurants nearby including Royal Saxon, Prince Alfred Hotel, Public House, Richmond Oyster Bar and more!

- On the doorstep of Cremorne’s “Technology Precinct” – home to major Australian Corporates – Australia Post, Seek, Carsales, Reece, etc.

- Outstanding public transport facilities nearby with East Richmond Station opposite and trams along Church Street and Swan Street

*Approx.

Remember to mention you found this property on CommercialReady

Read More
Dataroom
Tenanted Investment

4. Property Location

447 Church Street, Richmond, VIC, 3121

Property Map
447 Church Street, Richmond, VIC, 3121 Richmond
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