MARINE HOTEL - THE AGE
Posted on 17 February 2024
The Marine Hotel in Brighton turned off its taps last year after 167 years of serving ales and sherbets to the local community. It was once a favoured watering hole of 19th-century poet Adam Lindsay Gordon.
The vendor paid $15.8 million in 2018 and expects to reap more than $18 million.
The pub is on a large 4670-square-metre parcel of land at 199-215 New Street and a short walk from the beach.
It’s up the road from Xavier College’s 32,000-square-metre campus, Kostka Hall, which was bought by developer Golden Age 18 months ago for $100 million.
An application to build 84 double-storey townhouses on the Kostka site was recently rejected by Bayside Council despite getting the go-ahead from its planning department.
Gorman Commercial agents Jonathon McCormack and Stephen Gorman and Vinci Carbone agents Joseph Carbone and Frank Vinci are handling expressions of interest.
The vendor paid $15.8 million in 2018 and expects to reap more than $18 million.
The pub is on a large 4670-square-metre parcel of land at 199-215 New Street and a short walk from the beach.
It’s up the road from Xavier College’s 32,000-square-metre campus, Kostka Hall, which was bought by developer Golden Age 18 months ago for $100 million.
An application to build 84 double-storey townhouses on the Kostka site was recently rejected by Bayside Council despite getting the go-ahead from its planning department.
Gorman Commercial agents Jonathon McCormack and Stephen Gorman and Vinci Carbone agents Joseph Carbone and Frank Vinci are handling expressions of interest.