Hospitality operators have been presented with an historic opportunity to create a landmark venue for the booming Wyndham region, with a long-term lease available for the heritage Bridge Hotel building in Werribee.
Rick Berry and Stuart Kennett of Fitzroys are handling the Expressions of Interest campaign, closing on Wednesday, 21 March, on behalf of Wyndham City Council.
The two-storey Art Deco heritage building was built in 1926 and comprises five main ground-floor bar and function areas across 602 sqm and ten first-floor rooms over 186 sqm. A 40 year-lease of two 20-year terms is available.
It is next to the newly constructed West End Car Park that provides 200 free public parking spaces.
The building has local significance as one of Werribee’s major hotels, and is on a landmark township site formerly home to the historic bluestone Camp Hotel, built in 1878.
“Wyndham City has determined that a hospitality, food and beverage use is preferred for the Bridge Hotel and is seeking an experienced operator that can provide a contemporary hospitality use, including café, restaurant, hotel, microbrewery, function centre or a combination of these, as well as a live music venue,” Kennett said.
He said the Bridge Hotel is seen as a major asset of Wyndham City is suited to a hospitality experience that capitalises on the setting and Watton Street location, engagement with the heritage aspects of the property.
“We are looking to create an experience and offering that locals are proud to frequent and also gains a reputation as an authentic, quality destination for people from neighbouring communities.
“The Bridge Hotel provides a rare opportunity for the tenant to have significant input and control in the building’s refurbishment and make their mark through an iconic venue in this booming region.”
The City of Wyndham’s population is growing by 12,000 residents each year, and has recently witnessed record-breaking sales of land earmarked for major residential developments that will underpin further population growth in the future.
“Werribee City Centre is Wyndham’s principal activity centre, and has a distinct character, high amenity, rich culture, established infrastructure, independent businesses, diverse ownership and a traditional city feel,” Kennett said.
“Situated around the picturesque Werribee River and Wyndham Park, the Werribee City Centre’s amenity, attractions, services and infrastructure are outstanding assets and a solid platform for business growth.”
Werribee has been further enhanced by the $275 million Wyndham Harbour marina and ecologically sustainable residential community project. The development of four Catalyst Sites at Riverbend, Gateway and Cherry Street will bring to the Werribee City Centre $250 million of private investment, 600 new jobs, 700 new apartment residents, 100 serviced apartments to accommodate visitors, 1,400 new public and private parking spaces, 150 room Holiday Inn hotel, and a new Werribee Library and Integrated Community Learning Hub of more than 8,000sqm.
Sutherland Farrelly and Kay & Burton have been appointed to sell a significant 1,066 square metre (approx.) land parcel with no overlays and General Residential Zone Schedule 9, which offers an opportunity for a range of future developments (STCA).
Currently improved with two double storey maisonettes in original condition, the site has the potential to be developed for boutique apartments or three-level townhouse (STCA).
Within close proximity to Melbourne’s finest restaurants and boutique shops, transport options, private schools and parkland, this is the most noteworthy and unencumbered land holding to be offered in South Yarra in some time, according to the marketing agents.
Marketing agent Paul Sutherland of Sutherland Farrelly said the property provided an excellent redevelopment opportunity within the sought after inner city locality of South Yarra.
The property is being offered with vacant possession via auction on Thursday, 15 March at 2pm and is anticipated to realise approximately $6,500,000.