It is marketed as a 'jack of all trades' in the hospitality landscape as a venue for dinners, drinks, gigs and weddings, and is steeped in history.
The hotel housed the US army officers club during WWII and the bar proudly operated as Melbourne's first LGBTQI+ friendly venue in the 1930s. The freehold investment is subject to an existing long lease with the Melbourne Pub Group owned by the Ryan Family, who also own and operate Michelton Estate and Hubert Estate in Victoria's Yarra Valley.CBRE's Scott Callow, who is managing the sale via an expression of interest campaign with Nathan Mufale, said he had been involved in the hotel's previous two sales and had never seen it in "such wonderful condition".
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‘Something special’: Historic St Kilda pub Prince of Wales on the marketFollowing a multimillion-dollar refurbishment, the bayside venue is up on the block with a price tag of more than $50 million.
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