Tsimos Commercial is delighted offer this rare investment located across from popular Mordialloc Beach and Marina.
The Bay Hotel represents an icon in the area and is situated on a prime corner site. A Premium land holding of 646sqm*.
Investment highlights include:
• Subject to a long term lease (including options) to experienced hospitality operators.
• Net rental income of $330,000 p.a plus GST & outgoings (excluding Land Tax)
• Generous corner site of 646sqm* / Mixed Use (MUZ) Zoning
• Located directly opposite Mordialloc Beach & Foreshore
• High quality fit-out including large public bar and dining room, state of the art beer garden and upstairs function room with views across Port Phillip Bay
• One of the last remaining Beach Road pubs
The Bay Hotel offers the market a chance to secure a truly rare slice of iconic real estate in a location incredibly hard to come by.