11 The Esplanade,
St Kilda, VIC 3182

Gorman Allard Shelton are proud to present for sale 11 The Esplanade, St Kilda – referred by many as “The Espy”.

The Hotel Esplanade is one of Melbourne’s most iconic and loved entertainment venues with such a colourful and rich history, positioned directly opposite St Kilda’s popular foreshore precinct.

This magnificent piece of real estate is genuinely a once in a lifetime opportunity and is being offered For Sale via International Public Tender closing Friday 18 November 2022 at 2:00pm (AEST).

Key investment highlights include;

• Income: $3,150,000 per annum (+ GST and outgoings)
• Securely Leased to Australian Venue Co. (Australia’s Premier Hotel Operator) – Blue chip covenant
• 20 year term certain Lease to 2042 plus 3x 10yr options
• Strong annualized 3% increases and a cap & collar market review at option period
• Substantial five Level Building - 3,202 sqm* building area
• Licensed for 1,696 patrons
• Irreplaceable landmark investment
• Prime inner city location directly opposite St Kilda’s vibrant and popular foreshore with incredible view to CBD
• Positioned within the heart of an area currently undergoing revitalization and redevelopment

For further information or to arrange an inspection please contact the exclusive selling agents;

Joseph Walton 0417 309 3...
Jonathon McCormack 0418 835 885

*approx