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Hotel Accommodation

51-59 Palmerston Crescent, South Melbourne

51-59 Palmerston Crescent, South Melbourne, VIC

Hotel Accommodation

51-59 Palmerston Crescent, South Melbourne

51-59 Palmerston Crescent, South Melbourne, VIC

Expression of Interest |
Closing: 13 November 2025, 12PM

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HTL Property and Cushman & Wakefield Middle Markets  are pleased to present the Clarion Apartments, South Melbourne, a rare opportunity to acquire a tenanted hotel investment in one of Melbourne’s most vibrant city fringe precincts. Positioned at 51–59 Palmerston Crescent, this modern apartment hotel offers strong rental income and long-term upside.

  • 69 modern apartments (57 studios, 12 one-bedrooms) with premium amenities including a gym, conference centre, and secure parking
  • Prominent dual frontage to Kings Way and Palmerston Crescent, offering excellent visibility and access
  • Centrally located in South Melbourne, minutes from Albert Park, the Royal Botanic Gardens, and Crown Entertainment Complex
  • Generating gross rent of $1,641,739.p.a.* (excl. GST)
  • The tenant has a franchise agreement in place with Choice Hotels (NYSE: CHH), a major international hotel company with 22 brands and over 7,400 hotel locations globally
  • 125m²* ground-floor retail space on a high-profile corner, ideal for a range of uses
  • Just 300m* from the soon-to-open Anzac Station, part of the $13.48B Metro Tunnel Project (Source: Victorian Government’s Big Build)
  • Situated on 789m² of Commercial 1 Zoned land, allowing for diverse future uses including residential or co-living (STCA)
  • Benefitting from Melbourne’s booming hotel sector, which is experiencing record-breaking room bookings and strong investor sentiment in CBD-fringe assets.

* Approx

 

For sale via Expressions of Interest closing Thursday 13 November at 12pm (AEDT).

 

Under instructions from the Receivers and Managers appointed, KordaMentha.

 

 

Closing

13 November, 2025 at 12PM

Agent Details

HTL-Property-Andrew-Jolliffe

HTL

Andrew Jolliffe

Managing Director

PUBS & ACCOMMODATION

Scott Callow

Director

Accommodation

Andrew Jackson

National Director

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