Pictured above: 790 Arthurs Seat Road, Arthurs Seat
One of the Mornington Peninsula’s most iconic hospitality venues, previously known as Arthurs Hotel or Garden of the Moon, has hit the market, offering an exciting opportunity to revitalise one of Victoria’s most recognisable destinations. 790 Arthurs Seat Road, Arthurs Seat, is nestled on top of the Mornington Peninsula’s highest peak and resides on an expansive 7,254 sqm* landholding.
Gross Waddell ICR’s Danny Clark and Alex Ham, in conjunction with Stonebridge’s Rorey James, Nic Hage, Sarah Xi and Max Sinclair, have been appointed to run the Expression of Interest campaign.
790 Arthurs Seat Road boasts a strategic and highly versatile 890 sqm* building with the potential to be subdivided into multiple retail/hospitality offerings (STCA). Fully fitted with commercial kitchens, numerous bars, a reception centre, caretakers’ residence, bottle shop/convenience store and its own vineyard. Offering a long history of hospitality success, the property is complete with a 1 am liquor licence* for 430 patrons.
This expansive property is favourably zoned General Residential Zone (GRZ2), and while it offers 5 individual titles, 4 of which are vacant, making the property ideal for future development, it can also be sold separately (STCA).
Danny Clark said, "Mornington Peninsula has become the hottest destination for Melbourne’s wealthy as well as local and offshore tourists. This venue offers a unique chance to establish a drawcard venue in a bustling precinct and capitalise on its panoramic view lines”.
Alex Ham adds, "Seldomly do hospitality venues of this scale and flexibility arise, yet alone offer 4,000 sqm* of surplus land. This provides the incoming purchaser complete flexibility to extend the existing venue, add holiday accommodation, build numerous hilltop houses or sell down the existing titles (STCA).
Rorey James said “In the 2022 calendar year the Mornington Peninsula saw a record tourism spend of $1.4bn, $250m higher than the previous record set pre-COVID. The increase in spend is excellent for the likes of Julien Moussi (Only Hospitality Group) and the Continental Hotel’s Scott Pickett, and also provides scope for new and emerging operators.”
790 Arthurs Seat Road, Arthurs Seat, is being offered for sale by Expressions of Interest by Gross Waddell ICR and Stonebridge, closing on Thursday the 9th of March 2023.
