Two iconic Melbourne pubs listed this week targeting investors, developers

A Facebook post from the operators of the Leinster Arms earlier this year announcing its closure.

Two historic Melbourne hotels hit the market this week.

In Collingwood, the Leinster Arms at 66 Gold Street is being marketed with vacant possession.

Frequented by the late Mark “Chopper” Read, the 596 square metre site on the north-east corner of Hotham Street is being promoted as a development play.

It is also being marketed to investors or hotel operators – with a 1am Liquor Licence, the single-storey 1860s building includes a front bar, lounge, dining room, two function rooms, commercial kitchen and bricked bistro. It also has two beer gardens.

Long-time operators Glen and Wilhelmina McGee announced earlier this year that they would shut the venue on Grand Final Day “never to reopen”.

The McGees ran the Leinster Arms for 18 years. The building hasn’t been offered for sale for 27 years.

CBRE’s Will Connolly and Scott Callow are the marketing agents.

Meanwhile in Richmond, another iconic hotel – DT’s – is for sale as an investment.

The venue operator, Paul Anthony, is three years into a 10 year lease to occupy 164 Church Street (pictured, top), at the south-west corner of Highett Street.

Mr Anthony then has four options to stay on – potentially until 2045. DT’s Hotel has traded from the site for 23 years.

Formerly known as Naughten’s Hotel and Citizens Park Hotel, the two-storey Richmond building is listed on the Victorian Heritage Database.

Returning annual rent of $98,676, this investment is being marketed by Morley Commercial’s Josh McMullin and James Lie.

Marc Pallisco

A freelance property writer and analyst, Marc is a co-founder of realestatesource.com.au.

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