Box Hill Motel sold for nearly $2 million over expectations
"The sale of Melbourn's Box Hill Motel achieved a yield of 2.95%, as well as a land rate of $1,472 per square metre," says Savills agents Nick Peden, Jesse Radisich and Benson Zhou.
Yarraville's Commercial Hotel, overlooking the Maribyrnong River in Melbourne’s West, has sold to a local value-add investor who plans to refurbish and reopen the pub which closed earlier this year.
The Retreat Hotel, best known for its appearance in the 1970’s television series The Sullivans, has sold at auction to a local pub owner Bill Toohey, who's now looking to re-lease the hotel to an experienced operator.
New era dawns on Melbourne’s East End amid $92m double deal
The Adina Hotel and Duke of Wellington in Melbourne’s East End have sold for a combined $92 million – marking the end of a 40-year era for the iconic CBD landmarks.
CBRE's Scott Callow and Duncan McCulloch are pleased to announce the sale of this magnificent landholding ideally situated behind the township of Wye River, Victoria, two hours from Melbourne CBD.