LONDON CALLING

An iconic beachfront hotel in Port Melbourne is currently being marketed by Vinci Carbone. The London, at 92 Beach Street, is due for Auction on Friday 21 September at 12.00pm on site, with pricing expectations between $3.2 and $3.4 million. The property is being offered with vacant possession, with all existing plant and equipment, which is sure to make it of interest to both owner - occupiers and investors, and the site is zoned Mixed Use, providing excellent flexibility for future development, which may include multi-level residential with retail below (STCA). The freehold is situated opposite the Station Pier and the Port Melbourne/Port Phillip Bay Foreshore Reserve, surrounded by successful residential developments and close to the Bay Street shopping precinct. Local amenities include public transport into the CBD via the light rail tram service and bus services. The building itself has an area of approximately 640 square metres over two levels with prominent frontage and corner exposure to Beach Street and Princes Street. The allotment is predominately regular in shape and provides a total land area of 330 square metres with a combined dual street frontage of approximately 39 metres.