Caneva family to sell Windsor pub now known as Lucky Coq, after 47 years
The Caneva hospitality family has listed a Melbourne pub it has owned for 47 years.
The “institution” at 179 Chapel Street, in Windsor (a precinct sometimes referred to as the “grungy” end of the popular retail strip), now trades as Lucky Coq, a hospitality venue under the control of Colonial Leisure Group, which is on a lease ending in 2030.
It is estimated the asset will trade for more than $7.5 million following an expressions of interest campaign by CBRE’s Will Connolly and Scott Callow, which closes on September 12, 2018.
The Caneva family ran the pub, previously known as the Duke of Windsor, for some 15 years until 2005.
Businessman Jon Caneva told realcommercial.com.au that the live entertainment venue hosted local music outfit Jet “before they were famous”. The listing was first reported by thehotelconversation.com.au on Monday.
On the south-west corner of High Street, the site spreads across 355 square metres of land zoned Flexible Activity Centre. The pub has a 3am liquor licence site.
Interestingly, the agents are promoting the “fabulous opportunity to renegotiate lease terms” or “land bank for future use” – presumably for a high-density residential redevelopment with ground floor retail (and which a venue like Lucky Coq might be a suitor to occupy).
Not far away, the state government is replacing a former Swinburne University of Technology campus with the Prahran High School.
