Savills are delighted to offer for sale this iconic Carlton hotel, which is ideally positioned to capitalise on what is truly one of Melbourne’s iconic lifestyle destinations. Having been owned and operated by the same family for over 25 years, this freehold and business represents the perfect opportunity to invest in character filled Lygon Street.

The key attributes of this outstanding asset include:

  • Classic, family operated hotel comprising 60 guest rooms

  • 2 large licenced ground floor restaurants in central Lygon Street

  • Extensive 20m* Lygon Street frontage in the heart of Lygon Street’s world-renowned retail precinct

  • Substantial 1,019sq m* landholding in favourable Commercial 1 Zone

  • Hotel offered with vacant possession – flexibility for operators, investors or developers

  • Perfectly located a mere 500m* north of Melbourne Central, with the University and Medical Precinct also in immediate proximity