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120 Montague St 6,243 SF Retail Building South Melbourne, VIC 3205 For Sale
Investment Highlights
- Freestanding hospitality investment in the Montague Precinct, Fishermans Bend.
- Net rental income: $146,316 per annum* with fixed 3% annual increases.
- Positioned on a prominent corner site with excellent exposure.
- Tenant: The Golden Fleece Hotel – established operator with strong brand presence.
- Lease structure: Long-dated lease with three (3) x five (5) year options.
- Offered for sale via Private Sale – contact exclusive agents for details.
Executive Summary
Lemon Baxter proudly presents 120 Montague Street, South Melbourne, a rare opportunity to acquire a freestanding hospitality investment in one of Melbourne’s most dynamic growth precincts.
Positioned on a prominent corner within the Montague Precinct of the Fishermans Bend Urban Renewal Area, this property is leased to the highly regarded Golden Fleece Hotel, a proven hospitality operator renowned for its Greece-inspired rooftop and strong lifestyle appeal.
The asset delivers secure and growing income, underpinned by a long-dated lease with fixed 3% annual increases and a market review scheduled for September 2026. The lease includes three (3) additional five-year options, providing exceptional long-term security.
Located just 3 km from Melbourne CBD, the property benefits from excellent exposure along Montague Street and proximity to key destinations, including South Melbourne Market, DFO South Wharf, Melbourne Convention and Exhibition Centre, and the West Gate Freeway. This strategic position ensures strong patronage and sustained relevance in a rapidly evolving precinct.
This is an outstanding opportunity for investors seeking a high-profile, income-secure hospitality asset in a major urban renewal area with significant future upside.
Positioned on a prominent corner within the Montague Precinct of the Fishermans Bend Urban Renewal Area, this property is leased to the highly regarded Golden Fleece Hotel, a proven hospitality operator renowned for its Greece-inspired rooftop and strong lifestyle appeal.
The asset delivers secure and growing income, underpinned by a long-dated lease with fixed 3% annual increases and a market review scheduled for September 2026. The lease includes three (3) additional five-year options, providing exceptional long-term security.
Located just 3 km from Melbourne CBD, the property benefits from excellent exposure along Montague Street and proximity to key destinations, including South Melbourne Market, DFO South Wharf, Melbourne Convention and Exhibition Centre, and the West Gate Freeway. This strategic position ensures strong patronage and sustained relevance in a rapidly evolving precinct.
This is an outstanding opportunity for investors seeking a high-profile, income-secure hospitality asset in a major urban renewal area with significant future upside.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,243 SF
Building Class
C
NOI
$143,800 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.98
Lot Size
0.07 AC
Frontage
Amenities
- Corner Lot
- Restaurant
- Roof Terrace
- Air Conditioning
Nearby Major Retailers
1 of 8
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120 Montague St
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