South Melbourne’s Wayside Inn for sale targeting occupiers, developers
The Cadzow family is selling the freehold of a prominent South Melbourne hotel formerly tenanted to Dixon Hospitality Group and before that, revered chef, Sean Donovan.
Wayside Inn at 446 City Road, on the north west corner of Ferrars Street, is expected to trade for more than $3.8 million.
The vendors acquired the pub in the mid-1990s, trading out of it for about a decade – then renting it out.
Built in 1915, replacing an inn constructed in the 1880s, the recently refurbished building is being marketed by JLL Hotels and Hospitality Group agents Will Connolly and Nick Macfie.
Over two floors, with a front bar, bistro, function room and outdoor deck – it comes with a Late Night General liquor licence permitting the sale of alcohol until 5am.
The property is being marketed to investors as well as owner occupiers, with the current tenant, private operators, on a month-to-month agreement.
On a 587 sqm Capital City zoned parcel, the pub might also attract interest from developers proposing a commercial complex.
South Melbourne Market and Crown Casino are within walking distance while the CBD is about three kilometres away.
Now known as Australian Venue Co, Dixon Hospitality Group, established by former Qantas and Spotless chief executive officer Bruce Dixon, then run by his son, Mike, has previously rented Wayside Inn.
Last October, Mr Dixon and media identity John Singleton sold the c1919 Unity Hall Hotel freehold in Sydney’s inner west Balmain for about $20 million.
