Ex-footballer buys historic pub from landlord
EXCLUSIVE
Three years after buying the leasehold to the inner-city pub then known as the Robert Burns Hotel, Julien Moussi has snapped up the freehold.
The $3.8 million off-market deal for 376 Smith Street, on the south east corner of Easey, Collingwood, reflects a 4.63 per cent yield.
The landlord paid $100,000 in April, 1983.
JLL’s Will Connolly brokered the latest sale.
Improvements coming
Mr Moussi, an ex-VFL footballer and founder of Inglewood Coffee Roasters, had 13 years left on the 376 Smith St leasehold.
Via Only Hospitality Group, he acquired that component from long-time operator Gerry Nass (story continues below).
In mid-2021, the c427 sqm double storey c1860s venue was rebranded Hotel Collingwood.
With the freehold purchase – covering 418 square metres – OHG plans to “evolve” the pub.
Mr Moussi has a track record buying prominent suburban retail assets to convert to cafes then selling them with leasebacks.
In late 2022, the hospitality executive outlaid $1.16m for an ex-milk bar in south east McKinnon.
The year before he collected $1.52m offloading the ex-Vermont General Store as a coffee shop.
Collingwood is two kilometres north east of Melbourne’s CBD.
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