447 Church Street,
Richmond, VIC 3121
Hotel, Motel & Leisure • Shops & Retail
Price information
Sale
Contact Agent
Key property information
Floor area
Zoning
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$516,785
Number of Tenants
1 Tenant
Tenants / Type
Harlow Pub + Bar
Private inspections
to arrange a private inspection.
Map of 447 Church Street
Train stations within 5 km of 447 Church Street, Richmond, VIC 3121 Distance East Richmond Station 78 m Richmond Station 834 m Burnley Station 870 m South Yarra Station 1.4 km West Richmond Station 1.4 km POWERED BY HERE ©Tram stops within 5 km of 447 Church Street, Richmond, VIC 3121 Distance 11-Church St/Swan St (Richmond) 117 m 57-Swan St/Church St (Richmond) 140 m 55-Gibbons St/Church St (Richmond) 219 m 10-Swan Street Shopping Centre/Swan St (Richmond) 245 m 55-Adelaide St/Church St (Cremorne) 248 m POWERED BY HERE ©Bus stops within 5 km of 447 Church Street, Richmond, VIC 3121 Distance Richmond Station 838 m Opp 135 Alexandra Ave 860 m 125 Alexandra Ave 869 m Darling GardensAlexandra Ave 922 m Chapel StAlexandra Ave 944 m POWERED BY HERE ©
POWERED BY HERE ©
‘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.
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.
Property ID: 504525500Last Updated: 1 Jul 2024
447 Church Street
Richmond, VIC 3121
Fitzroys - MelbourneLevel 27, 360 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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