Union misses out on Carlton’s John Curtin Hotel

The John Curtin Hotel (marked) is 150 metres from the CBD.

An offshore developer is speculated to have outbid an offer by Victoria’s union movement for the historic John Curtin Hotel opposite Trades Hall in Carlton.

The pub and live music venue at 27-31 Lygon Street, at the south west corner of Earl, has sold for a price believed to be over $5.5 million.

On a 335 square metre Mixed Use zoned block, the property was offered with a lease expiring this November.

Airspace over the 540 sqm structure was promoted for its potential to make way for a circa-nine level tower.

It is understood to incoming owner will retain the asset as an investment while pushing forward a residential-based redevelopment in the medium term, but this couldn’t be confirmed.

CBRE’s Alex Brierley, David Minty, Nathan Mufale and Mathew George represented the vendor which outlaid $1m in 2001 (story continues below).

The pub is expected to be retained in any redevelopment.

Following the John Curtin Hotel hitting the market in February, a union movement launched a campaign to secure it.

The Victorian National Trust also moved to list the pub on the state’s heritage register, limiting its chance of being demolished.

More to come.

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Marc Pallisco

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