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HotelMarisa WikramanayakeThu 20 Jul 23

DA-Approved Port Melbourne Hotel Comes to Market

Photograph of the 155-year-old Hibernian Hotel in Port Melbourne which is now on the market after sitting unused and empty for 13 years following a fire in 2010.

After several fires and 13 years since the last one, a historic hotel at Port Melbourne is on the market with a planning permit. 

The Hibernian Hotel at 358 Graham Street in Port Melbourne has been listed with an expected price of $2.35 million to $2.55 million. 

It has been unoccupied and unused for the past 13 years since a fire broke out in 2010 that caused $200,000 worth of damage.

Prior to that, the Chinese restaurant Mandarin Garden had operated out of the building.

The hotel was built in 1868 when Graham Street was created but it burned down in 1871.

It was rebuilt in 1888 and became a pub for dockworkers and wharfies along with Clare Castle, which sits on the opposite corner of the street. 

CoreLogic property records show that the site last exchanged hands in 2007 for $1.1 million. 

The buyers and sellers are not listed on the property records.

In 2009, a company named Edge DCI Pty Ltd submitted an application to develop the site for a public bar over three levels with 21 accommodation rooms with ensuites. 

ASIC records show that Ivan Cudina and Maria Viduka-Cudina are the directors of Edge DCI Pty Ltd.

A company called Nincevic Enterprises Pty Ltd is listed on council records as submitting an amendment to the application later in 2009.

ASIC records list Maria Nincevic and Mile Tony Nincevic as directors and shareholders in this company.

The new planned residential project Pier 103 at 103 Beach Street in Port Melbourne by Luxcon Group. Source: Luxcon Group
▲ The new planned residential project Pier 103 at 103 Beach Street in Port Melbourne by Luxcon Group. Source: Luxcon Group

The pub sits on 314sq m with 11 bedrooms, a front bar, lounge, commercial kitchen, courtyard and two cellars. 

Frank Gordon Port Melbourne managing director Frank Callaghan is the real estate agent for the property and said it could suit several uses. 

“It could even be a social housing organisation,” Callaghan said.

“It has a permit for a number of possibilities.”

The expressions of interest campaign closes August 3, 2023, at 1pm.

HotelMelbourneAustraliaReal EstateSector
AUTHOR
Marisa Wikramanayake
The Urban Developer
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Article originally posted at: https://www.theurbandeveloper.com/articles/da-approved-hibernian-hotel-for-sale-port-melbourne