Nick Zampelis to Sell Campari Restaurant, Melbourne

Last year Mr Zampelis struck a new lease deal with operator Australian Pacific Hospitality Management, which resulted in the 3-level building, and its famous rooftop garden, being totally refurbished.
 
The building, which re-opened under the Campari brand four weeks ago, will now be sold as an investment with a 12-year lease as Mr Zampelis reweights his portfolio.
 
APHM’s other hospitality ventures in Melbourne include restaurants Scusa Mi in Southbank and Watermark in Docklands, the Lakes Entrance Golf Club and the Dandenong Club and Knox Club.
 
John Castran, director of real estate agency John H. Castran, is marketing Campari and two other properties owned by Mr Zampelis.
 
In Prahran, near the Windsor train station, a retail investment with significant redevelopment potential at 98 – 100 Chapel Street is expected to sell for about $4 million, while in Glenhuntly, an investment property leased to Chemist Warehouse is also expected to sell for about $4 million.
 
It’s speculated Mr Zampelis, who has opened more than 70 hospitality venues in Victoria since the late 1980s including Cafe Greco, The Long Room and Silk Road, had earmarked the Prahran and Glenhuntly sites as restaurant, but this could not be confirmed.

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Marc Pallisco

A former property analyst and journalist, Marc is the publisher of realestatesource.com.au.

Marc Pallisco

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