Guy Grossi sells Melbourne hotel
Recently retired restaurateur Guy Grossi has taken a hit selling a historic Melbourne hotel after three and a half years.
The North Carlton property, 237 Station Street, traded for about $2.4 million, sources say – a sub four per cent yield.
Mr Grossi paid $2.75m in 2022.
It was reoffered with a new five-year lease with options.
Mr Grossi recently sold his Bourke St restaurant Grossi Florentino after 26 years, ending decades in the hospitality sector.
237 Station Street
Developed in c1876, the two-level North Carlton hotel spans 464 square metres (continues below).
An upstairs c158 sqm residence contains several bedrooms and studies and a terrace.
Also with a beer garden, the site spreads 353 sqm at the north west corner of Lee St, near Curtain Square.
The Nicholson St retail strip is also walking distance.
HTL Property’s Scott Callow and Dan Ryan were the agents.
North Carlton is about four kilometres north of Melbourne’s CBD.
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