Melbourne Pub Sale Archives - realestatesource

A YEAR after its owner made headlines warning he could not pay a new $30,000 annual licence fee imposed by the former Brumby Government – the popular watering hole known by locals as “The Spotty” has sold and will be replaced with a high-end restaurant.

Until recently the 1888 Spottiswoode Hotel at 62 Hudsons Road, on the north-east corner of Hall Street, in Spotswood, traded four days a week.

Because of a 14-minute cabaret strip show, however, the ALP government in 2009 deemed the hotel a high risk club and increased its annual licence from $3500.

Victoria

Prominent Pubs, and a Western Suburbs Development Site, Offered in $80 Million Portfolio

May 1, 2011 Marc Pallisco Albert Park, Altona North, beaumaris, byron bay, Melbourne development site sale, Melbourne Hotel Sale, Melbourne Pub Sale, Mentone, Southbank, st kilda, yarraville

SOME of Melbourne’s most popular hospitality venues – and a major western suburb development site – form part of an $80 million portfolio of properties set to hit the market next month.

A consortium of Melbourne-based private investors, including Sebastian Catalfamo and Gilbert Cabral, will share in the spoils of the eight properties which are being offered separately.

In Melbourne, hospitality venues include The Point on Albert Park Lake – a 940-seat venue which is expected to sell for about $3 million.