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Investment Highlights

  • 20m Lygon Street Frontage in the heart of Lygon Street's retail precinct.
  • Located in proximity of Melbourne Central.

Executive Summary

Classic, Family operated hotel comprising of 60 rooms and 2 large licensed ground floor restaurants, located on a 1019 sqm landholding in a favourable Commercial 1 zone. This property is offered with vacant possession, offering flexibility for operators, investors, or developers.

Property Facts

Sale Type Investment
Property Type Hospitality
Property Subtype Serviced Apartment
Building Class B
Lot Size 0.25 AC
Building Size 24,380 SF
No. Rooms 60
No. Stories 3
Year Built/Renovated 1970/2012
Corridor Interior

Amenities

  • Balcony
  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 2 $193.09 -
Guest Room 58 $147.58 -
  • Listing ID: 26110401

  • Date on Market: 7/7/2022

  • Last Updated:

  • Address: 220 Lygon St, Melbourne, VIC 3053

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