Savills list Port Adelaide's Portland Hotel
Joel RobinsonDecember 7, 2020
Port Adelaide's iconic Portland Hotel premises has been listed for sale for the first time in over a decade.
The Commercial Road property last sold in 2006 when it fetched $2.3 million, $300,000 up from its $2 million trade just two years earlier.
The Portland Hotel was established in 1886.
The ground floor comprises a sports bar with pool table, a bistro lounge, TAB, alfresco area and a gaming lounge with 33 machines. It is serviced by the main kitchen.
Upstairs there are 14 bedrooms, a communal kitchen and an office.
Savills agents Rob Williamson and Steve Bobridge are marketed the freehold corner property with a long term lease 5+5+5+5+5+5 years
It has a current net rental of $235,000 per annum with a building area of 1,155 sqm.
Joel Robinson
Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.