The National Hotel, 340 Victoria Street, Richmond, Vic 3121

JLL Hotels & Hospitality is delighted to present to market the freehold interest in The National Hotel, located in the prized inner city suburb of Richmond.

The property is prominently positioned on a large 600sqm corner block with 20 metres of frontage to the major thoroughfare of Victoria Street, whilst also benefitting from flexible Commercial 1 Zoning with no heritage overlay.

The venue is currently leased to experienced, multi-venue hospitality operators with decades in the industry, presenting an exceptional opportunity to suit a wide range of purchasers seeking to enter the tightly held Richmond market.

Key investment highlights include:

+ High profile 600sqm* corner site with exceptional main street frontage in a prized inner Melbourne location
+ Fixed annual increases of 3.5% throughout the tenure and no cap at Market Review (October 2025)
+ Flexible Commercial 1 Zoning benefitting from no Heritage Overlay to suit a variety of uses including office, retail and residential (STCA) 
+ Highly accessible location serviced by all modes of public transport, located on one of Melbourne’s major arterials
+ Securely leased to multi-venue hospitality operators with over 30 years in the industry
+ Richmond is a dynamic urban hub offering an abundance of lifestyle, medical and recreational amenity

The freehold interest in The National Hotel, Richmond is offered for sale via Expressions of Interest closing Wednesday 9 October 2024 at 5:00pm AEDT.

For further information on this opportunity, please contact the exclusive selling agents.