Rochester Castle Hotel, 202-204 Johnston Street,
Fitzroy, VIC 3065
Hotel, Motel & Leisure • Shops & Retail • Development Sites & Land
Price information
Sale - Auction Tue 10 Dec
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$180,872
Number of Tenants
1 Tenant
Tenants / Type
Rochester Castle Hotel
Auction
Private inspections
to arrange a private inspection.
Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
Rochester Castle Hotel, 202-204 Johnston Street
Fitzroy, VIC 3065
Map of Rochester Castle Hotel, 202-204 Johnston Street
Train stations within 5 km of Rochester Castle Hotel, 202-204 Johnston Street, Fitzroy, VIC 3065 Distance Victoria Park Railway Stationmelbourne 1.1 km Collingwood Station 1.2 km Parliament Station 1.6 km North Richmond Station 1.6 km Clifton Hill Station 1.7 km POWERED BY HERE ©Tram stops within 5 km of Rochester Castle Hotel, 202-204 Johnston Street, Fitzroy, VIC 3065 Distance 19-Johnston St/Smith St (Fitzroy) 250 m 16-Johnston Stbrunswick St 287 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 3065 Distance Napier St/Johnston St (Fitzroy) 88 m Brunswick St/Johnston St (Fitzroy) 231 m LW Group 243 m Smith StJohnston St 256 m Bell St Brunswick St 362 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
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: 26 Nov 2024
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000