Prime South Melbourne Investment
Lemon Baxter is pleased to present 120 Montague Street, South Melbourne, a tightly held, freestanding hospitality investment leased to the highly regarded Golden Fleece Hotel.
Positioned on a prominent corner within the Montague Precinct of the Fishermans Bend Urban Renewal Area, the property offers secure and growing income underpinned by a long-dated lease to an established hospitality operator. The venue is widely recognised for its Greece-inspired rooftop and strong lifestyle positioning.
Tenancy Profile
– Tenant: The Golden Fleece Hotel
– Net rental income: $146,316 per annum*
– Rental growth: Fixed 3% annual increases
– Market review: September 2026
– Lease structure: Long-dated lease with a further three (3) x five (5) year options available
– Tenancy profile: Established hospitality operator with a strong brand presence and loyal customer base
Located approximately 3km from the Melbourne CBD and benefitting from strong exposure along Montague Street, the asset sits within close proximity to South Melbourne Market, DFO South Wharf, the Melbourne Convention and Exhibition Centre and the West Gate Freeway, reinforcing its strategic appeal to investors seeking long-term security and relevance.
The property is offered for sale via Private Sale, contact our exclusive selling agents for more information.
*Approximate
