Decommissioned Carlton pub fails to sell

Decommissioned Carlton pub fails to sell
Decommissioned Carlton pub fails to sell

A decommissioned pub with a second dwelling on title failed to garner interest when auctioned last weekend.

Nelson Alexander sales director Arch Staver told the crowd of 15 that the seven-bedroom property at 70 Kay Street, Carlton (above) would “lease out in a flash”.

It was last sold in 1979 for $44,000.

But there were no takers and the property was passed in on a $2.5 million vendor bid.

It has since been listed for $2.8 million.

The property is in a corner position and comprises of a Victorian building and contemporary architect-designed town house.

Featuring a sunny courtyard with off street parking the main residence has a living room with cellar below as well as a dining room opening to a 60s style kitchen and large informal area.

There are also five large bedrooms as well as a bathroom/laundry.

At the rear is a two-bedroom house with a living/dining space, kitchen and bathroom as well as opening to the Charles Street precinct.

The property is 20 minutes walk through the Exhibition Gardens to the CBD.

The property is offered through Nelson Alexander agents Arch Staver and David Sanguinedo. 

Meanwhile two parties lodged more than 60 bids for a nearby three-bedroom house at 113 Station Street (below) — one of six in the boutique Station Mews development, which was built within the walls of a former Victorian-era joinery factory in the 1980s.

Decommissioned Carlton pub fails to sell

The marathon took the sale price $160,000 past reserve.

It was last sold in 2013 for $1.275 million and before that in 2012 for $1.05 million.

From the enclosed courtyard/al fresco area the property features a living/dining room with gas log fire as well as kitchen with soft-close cabinetry and quality appliances.

Three double bedrooms each have their own custom storage while the main has its own ensuite and courtyard.

Other features include garage with loft garage and second parking space.

Nelson Alexander sold it to an investor in front of a 40-strong crowd.

The property was sold through Nelson Alexander agents Tom Breen and Luke Sacco.


Be the first one to comment on this article
What would you like to say about this project?