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Cushman & Wakefield Middle Markets and HTL Property are pleased to present the Clarion Apartments, South Melbourne, a rare opportunity to acquire a tenanted hotel investment in one of Melbourne’s most vibrant city fringe precincts. Positioned at 51–59 Palmerston Crescent, this modern apartment hotel offers strong rental income and long-term upside.
• 69 modern apartments (57 studios, 12 one-bedrooms) with premium amenities including a gym, conference centre, and secure parking
• Prominent dual frontage to Kings Way and Palmerston Crescent, offering excellent visibility and access
• Centrally located in South Melbourne, minutes from Albert Park, the Royal Botanic Gardens, and Crown Entertainment Complex
• Generating gross rent of $1,641,739.p.a.* (excl. GST)
• The tenant has a franchise agreement in place with Choice Hotels (NYSE: CHH), a major international hotel company with 22 brands and over 7,400 hotel locations globally
• 125m²* ground-floor retail space on a high-profile corner, ideal for a range of uses
• Just 300m* from the soon-to-open Anzac Station, part of the $13.48B Metro Tunnel Project (Source: Victorian Government’s Big Build)
• Situated on 789m² of Commercial 1 Zoned land, allowing for diverse future uses including residential or co-living (STCA)
• Benefitting from Melbourne’s booming hotel sector, which is experiencing record-breaking room bookings and strong investor sentiment in CBD-fringe assets.
For sale via Expressions of Interest closing Thursday 13 November at 12pm (AEDT).
To arrange an inspection or for further information please contact the exclusive selling agents:
Under instructions from the Receivers and Managers appointed, KordaMentha,
Cushman & Wakefield
Daniel Wolman | +61 412 957 839
Leon Ma 马海翔 | +61 417 070 725
Oliver Hay | +61 419 528 540
HTL Property
Scott Callow | +61 418 153 606
Andrew Jackson | +61 405 355 972
Andrew Jolliffe | +61 438 733 447
* Approx
Remember to mention you found this property on CommercialReady
Cushman & Wakefield Middle Markets and HTL Property are pleased to present the Clarion Apartments, South Melbourne, a rare opportunity to acquire a tenanted hotel investment in one of Melbourne’s most vibrant city fringe precincts. Positioned at 51–59 Palmerston Crescent, this modern apartment hotel offers strong rental income and long-term upside.
• 69 modern apartments (57 studios, 12 one-bedrooms) with premium amenities including a gym, conference centre, and secure parking
• Prominent dual frontage to Kings Way and Palmerston Crescent, offering excellent visibility and access
• Centrally located in South Melbourne, minutes from Albert Park, the Royal Botanic Gardens, and Crown Entertainment Complex
• Generating gross rent of $1,641,739.p.a.* (excl. GST)
• The tenant has a franchise agreement in place with Choice Hotels (NYSE: CHH), a major international hotel company with 22 brands and over 7,400 hotel locations globally
• 125m²* ground-floor retail space on a high-profile corner, ideal for a range of uses
• Just 300m* from the soon-to-open Anzac Station, part of the $13.48B Metro Tunnel Project (Source: Victorian Government’s Big Build)
• Situated on 789m² of Commercial 1 Zoned land, allowing for diverse future uses including residential or co-living (STCA)
• Benefitting from Melbourne’s booming hotel sector, which is experiencing record-breaking room bookings and strong investor sentiment in CBD-fringe assets.
For sale via Expressions of Interest closing Thursday 13 November at 12pm (AEDT).
To arrange an inspection or for further information please contact the exclusive selling agents:
Under instructions from the Receivers and Managers appointed, KordaMentha,
Cushman & Wakefield
Daniel Wolman | +61 412 957 839
Leon Ma 马海翔 | +61 417 070 725
Oliver Hay | +61 419 528 540
HTL Property
Scott Callow | +61 418 153 606
Andrew Jackson | +61 405 355 972
Andrew Jolliffe | +61 438 733 447
* Approx
Remember to mention you found this property on CommercialReady
51-59 Palmerston Crescent, South Melbourne, VIC, 3205
Secure/no obligation
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Yield Calculator
Yield Calculator
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Full report
Please see your Loan Analysis below. The report has been emailed to you, as well as DIG Capital Advisory and the Listing Agent to follow up if needed.
Loan Analysis
