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Iconic Campari Restaurant For Sale, Melbourne

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Written by Marc Pallisco   
Tuesday, 21 August 2012 12:07

THE Dubai-based investors who in 2009 paid about $4.8 million for landmark city restaurant Campari, are relisting the asset for sale.

The renovated 800 square metre, four-level retail space at 23-25 Hardware Lane opened as Campari in 1968 but closed for a period before opening again in August 2009.

The vendors purchased the site from restaurateur Nick Zampelis, who paid $1.46 million for it in 2000. Mr Zampelis operated from the premises for a couple of years before leasing it to other occupiers. The current tenants, Australian Pacific Hospitality Management are behind other local dining institutions including Scusa Mi in Southbank.

APHM pays about $300,000 in rent annually. CBRE selling agents Josh Rutman and Mark Wizel declined to comment about the selling price, but it is speculated by industry sources to be about $5.5 million. An image of the rooftop Campari space is above.