Melbourne’s iconic Hotel Lindrum has been placed for sale, with expressions of interest open until 10th March 2022 at 2 pm AEDT. This prestigious hotel offers a rare opportunity to invest in a highly esteemed Melbourne CBD freehold.
Hotel Lindrum first opened its doors in 1999. The heritage-listed building was one of the first boutique hotels to enter the Melbourne market at the time. The building has a rich history, having been home to Griffiths Brothers tea merchants in the 1900s and headquarters for the Herald Empire from the 1920s to 1960s. The buyer of this historic building will have the chance to build upon its existing beauty and the inherent historical importance of Hotel Lindrum.
The property is located on Flinders Street, within walking distance of the Melbourne Cricket Ground (MCG), Rod Laver Arena, Melbourne Park and AAMI Park. With uninterrupted views of the Royal Botanic Gardens, the Shrine of Remembrance and Port Phillip Bay, this location offers a truly unparalleled opportunity for buyers.
The historical success of the asset is a testament to the value of the building’s location, as is the success of nearby hotels like Sofitel, Grand Hyatt and Westin. Nearby residential developments, including 17 and 35 Spring Street, have also achieved some of the highest sales rates in Melbourne.
The boutique hotel currently has 59 rooms across six floors. The approved development permit is unparalleled in its allowance for a thirty level mixed-use development, with two basement levels, hotel rooms and residential apartments. The future owner will therefore have a rare opportunity to expand the existing room-count and convert the existing property into a commercial or residential building.
This unique building reflects the history and sophisticated mood of Melbourne whilst proving to be an asset in the future of Melbourne’s culture-rich CBD.
This iconic Melbourne building is being sold by JLL, with expressions of interest open until 10th March 2022 at 2 pm. For buyers looking to invest not only in a piece of Melbourne’s history, but in its future as well, Hotel Lindrum is truly unparalleled in its potential.
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