Williamstown’s historic Stags Head Hotel hits the market
The chance to own an iconic piece of Williamstown history has been unveiled, with the century-old Stags Head Hotel up for sale.
The heritage-listed hotel at 39 Cecil St presents investors with the opportunity to own one of the upmarket seaside suburb’s most famous historic landmarks, while enjoying long-term leasing options to the current operator.
Built in 1887, the corner hotel is one of Williamstown’s longest continually operating pubs, and comprises a classic two-level period-style freehold building with a bar, bistro, accommodation and beer garden.
The prime 362 sqm site, which is be offered for sale by deadline private treaty closing 1pm Friday 27 March, has combined 38 metres of street frontage and also incorporate a substantial residence on the first floor.
The pub’s current custodians have a five year lease to 2022, plus an additional two five-year options. It returns $88,000 plus GST per annum, with annual CPI rent reviews and the tenant to pay all standard outgoings.
Burgess Rawson’s Shaun Venables, who is marketing the pub with Zomart He, says the property presents a rare opportunity.
“Williamstown is the premier bayside suburb in Melbourne’s west, with a median house price of $1.4 million, and the Stag’s Head is right at the heart of this local community,” Venables says,
“Long-term, the property has appeal for a number of potential buyer groups, including investors, developers and land bankers, and is aided by its position directly between the local retail precinct and Williamstown train station.”
Published by realcommercial.com.au