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Melbourne Restaurant Changes Hands For $10M

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A four-level freehold property that is home to Melbourne’s much loved Spaghetti Tree restaurant and Madame Brussels rooftop bar has changed hands for just under $10million.

Colliers International’s Daniel Wolman and Oliver Hay facilitated the off-market transaction amidst a flurry of activity leading up to Christmas on behalf of a private local vendor.

The 1,318sqm building, located at the eastern end of the Melbourne CBD at 59-63 Bourke Street, is leased to three reputable hospitality operators including Spaghetti Tree and Madame Brussells. It was sold to a local private investor for $9.8million.

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Article originally posted at: https://theurbandeveloper.com/articles/melbourne-59-63-bourke-street