Embassy Cafe: Late-night Melbourne institution, 24-hour diner served up to market
Late-night institution the Embassy Cafe is up for sale.
The future of late-night Melbourne institution the Embassy Cafe has been brought into question after the famous site was served up to the market.
Operating out of a prime location on the corner of Spencer and Roden Streets since 1962, the CBD stalwart and an adjoining service garage on a separate title could sell for a total of about $6m.
But with the Embassy now on a month-by-month lease term, it has raised questions about the future of the 24/7 cafe as developers and investors eye off the combined properties.
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Fitzroys director Chris Kombi and associate director Ervin Niyaz are handling the sale, with expressions of interest closing at 3pm on October 11.
“The (Embassy) would prefer to stay on, they’re happy to sign a new lease with the intended purchaser,” Mr Kombi said.
“But we’ll have to see what the buyer wants.”
The Embassy Cafe has been operating as a 24/7 diner since 1962. Picture: Jason Edwards
The sale includes the Embassy and an adjoining parcel currently occupied by a service garage.
The 541 Spencer St and 129 Roden St properties have been owned for nearly 40 years by the current vendor, described as a “passive investor”.
Mr Kombi added that any property in West Melbourne was likely to attract interest due to its 1km-proximity to the CBD.
“There’s always interest from developers on city fringe locations,” he said.
“Developers, investors and even owner-occupiers always like a corner site too, the prime corner location is always preferable.”
It has been popular over the years as a late-night venue and cabbie hotspot.
Just 1km from the CBD.
It comes after The Source highlighted the venue’s listing earlier this week.
The late-night diner has been popular over the years among Melbourne cabbies and those seeking a burger or deep-fried sustenance after a night out.
It was also previously known as an occasional meeting spot for members of the criminal fraternity, The Source revealed.
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emily.holgate@news.com.au
