Premium St Kilda watering hole to go under the hammer

Premium St Kilda watering hole to go under the hammer
Premium St Kilda watering hole to go under the hammer

Melbourne's Newmarket Hotel will go under the hammer on November 12.

Redeveloped by the Melbourne Pub Group about three years ago, the Newmarket Hotel is a modern gastro pub with a basement lounge bar in bustling St Kilda.

It is on lease to the Dixon Hospitality Group for circa 25 years, including options.

The hotel earns a net rental income of nearly $365,000 per annum and is one of the best performing bayside food and beverage pubs.

“Prominently situated on Inkerman Street, the Newmarket Hotel is an iconic St Kilda watering hole, popular for its high-end pub fare and extensive selection of boutique beers on tap,” said CBRE Hotels’ Scott Callow, who along with Joseph Du Rieu, is the listing agent.

The hotel is set on more than 1,000 square metres of land.

Tags: 
Property market Commercial Sales

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