33 Spencer Street
Docklands, VIC 3008

This exceptional hospitality venue is superbly positioned within Melbourne's iconic Grand Hotel, boasting prominent frontage to the highly trafficked Spencer Street. It offers a prestigious, spacious, and versatile opportunity in one of the city's most sought-after hospitality precincts, just moments from Collins Street and Crown Casino.

Key features of the property include a total Gross Lettable Area of approximately 331 square meters, a fully fitted commercial kitchen ready for immediate operation, and two fully equipped wet bars supported by shared back-of-house areas and a dedicated cool room. The venue holds an existing liquor licence and includes a dedicated function space or private dining room.

Exclusive outdoor courtyards enhance the venue, featuring three separate outdoor dining areas. The property benefits from signage rights with excellent visibility to Spencer Street, ensuring high exposure. Located on the prime CBD fringe, it is conveniently close to major landmarks such as Collins Street and Crown Casino.

Additionally, two titled car parks are available for purchase separately, adding to the convenience and appeal of the property. The venue is to be sold with vacant possession, providing flexibility for the new owner.

Essential details include council rates of approximately $7,843 per annum and water rates of approximately $184 per annum. The property currently generates an estimated rental income of $260,000 per annum.

This is a rare opportunity to acquire a high-profile hospitality asset with exceptional exposure, strong fundamentals, and significant upside potential in a tightly held Melbourne location. Prospective buyers are encouraged to undertake due diligence before purchase.