Fitzroy Community School has paid more than $3.2 million for Carlton’s historic Dan O’Connell Hotel which is expected to be converted into a campus.
At 223-227 Canning Street, on the south west corner of Princes, which is the Carlton North border, the property was listed vacant in May.
Spreading 531 square metres the airspace was marketed to developers.
Licensed for 300 patrons, the double storey Irish pub was also targeted to hospitality investors and owner occupiers.
Fitzroys’ David Bourke and Chris James brokered the deal which settled on October 30 (story continues below).
The buyer – which has in recent years ranked as one of the country’s best performing schools based on academic results – was established in 1976 at a Fitzroy North home opposite Edinburgh Gardens.
In 2014, it expanded with a second campus, at Thornbury.
According to website goodschools.com.au the annual tuition fee is $16,000.
Last month we reported Haileybury paid $7.1m for a historic Dudley St office to expand its city campus, Melbourne’s first vertical school.