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Burgess Rawson - Melbourne

Rochester Castle Hotel, 202-204 Johnston Street Fitzroy, VIC 3065

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Rochester Castle Hotel, 202-204 Johnston Street,
Fitzroy, VIC 3065

Hotel, Motel & Leisure • Shops & Retail • Development Sites & Land
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Price information

Sale - Auction Tue 10 Dec

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Key property information

Land area

Floor area

Property extent

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$174,867
Number of Tenants
1 Tenant
Tenants / Type
Rochester Castle Hotel

Auction

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Burgess Rawson - Melbourne
Jamie Perlinger
Romanor Falconer

Burgess Rawson - Melbourne

Level 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
Burgess Rawson - Melbourne
Rochester Castle Hotel, 202-204 Johnston Street
Fitzroy, VIC 3065

Map of Rochester Castle Hotel, 202-204 Johnston Street

Directions
  • Train stations within 5 km of Rochester Castle Hotel, 202-204 Johnston Street, Fitzroy, VIC 3065Distance
    Victoria Park Railway Stationmelbourne1.1 km
    Collingwood Station1.2 km
    Parliament Station1.6 km
    North Richmond Station1.6 km
    Clifton Hill Station1.7 km
    POWERED BY HERE ©
  • Tram stops within 5 km of Rochester Castle Hotel, 202-204 Johnston Street, Fitzroy, VIC 3065Distance
    19-Johnston St/Smith St (Fitzroy)250 m
    16-Johnston Stbrunswick St287 m
    15-St David St/Brunswick St (Fitzroy)318 m
    18-Hodgson St/Smith St (Fitzroy)359 m
    20-Rose St/Smith St (Collingwood)363 m
    POWERED BY HERE ©
  • Bus stops within 5 km of Rochester Castle Hotel, 202-204 Johnston Street, Fitzroy, VIC 3065Distance
    Napier St/Johnston St (Fitzroy)88 m
    Brunswick St/Johnston St (Fitzroy)231 m
    LW Group243 m
    Smith StJohnston St256 m
    Bell St Brunswick St362 m
    POWERED BY HERE ©
POWERED BY HERE ©

The Iconic Rochester Castle Hotel | Great Operator | Brand New Lease

  • New 5 Year Lease + Options
  • Key C1Z Corner Site
  • Annual 3% Rent Increases
Burgess Rawson are delighted to present to market the iconic Rochester Castle Hotel at 202-204 Johnston Street, Fitzroy (Melbourne) VIC for sale via Investment Portfolio Auction 173.

The property has the following investment highlights:

+ The Rochester Castle Hotel: thriving Fitzroy landmark, established in 1852 and one of Melbourne’s most well-known venues.
+ New Five (5) year lease to August 2029 with Four (4) further Five (5) year options through to 2049.
+ Fixed, annual 3% rent increases, ensuring strong and certain income growth.
+ Securely leased to successful hospitality operator with multiple and popular local venues in Fitzroy and Carlton.
+ High-profile 412 sqm* corner site with a combined 46 metre* frontage and favourable Commercial 1 Zoning (C1Z).
+ Extensive 660sqm* 2-level building, including bar, dining, kitchen, beer garden outdoor dining and event space rooms with capacity for 591 patrons and a 3am license.
+ Strategic location between Smith and Brunswick Streets with strong foot-traffic and 19,000 vehicles passing daily (1).
+ Key development and residential catchment: over 1,000 new apartments recently built and/or under construction within a 1km radius, providing immediate population growth to the area.
+ Landlord preferred net lease structure with the tenant pays outgoings excluding land tax.
+ Fitzroy: Booming city-fringe suburb, only 1.1km* from the CBD, with population forecast to surge 61.74% by 2046 (2).
+ Fitzroy residents’ weekly incomes are 57% higher than the Victorian average (3).
+ Net Income: $180,872 pa* + GST.

For Sale Via Investment Portfolio Auction 173
10:30 am (AEDT), Wednesday 11th of December 2024
Crown Casino, River Rooms, Melbourne VIC

*Approx
(1) GapMaps
(2) Forecast.id
(3) ABS

Property ID: 504732780Last Updated: 8 Nov 2024

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