One of Port Melbourne’s last remaining neighbourhood pubs will soon be under new ownership after being snapped up by an experienced hotelier.
Colliers International’s Guy Wells has facilitated the leasehold sale of the Cricketers Arms at 69 Cruikshank Street in Port Melbourne for between $760,000-$800,000 on behalf of Tony and Tracey Wilson.
“The Cricketers Arms is one of Port Melbourne’s last ‘neighbourhood’ hotels,” Mr Wells said. “Anyone would be forgiven for driving past and missing it, given how tucked away it is. But one thing is for sure, it’s absolutely treasured by the local community and is one of Bayside Melbourne’s best hotels."
The sale represented a rare opportunity to purchase one of the most iconic and loved pubs in Port Melbourne.
The hotel comprises a public bar, two main dining rooms, a large beer garden at the rear and a commercial kitchen. There is also a refurbished manager's residence on the first floor with a lounge and bathroom.
“Carefully refurbished and meticulously maintained by the current owners, the Cricketers Arms has long been an institution in its area with recent improvements launching the venue into the minds of the area's changing demographic,” Mr Wells said.
“The business has been bought by an experienced hotelier, with many years in the industry, so it will certainly be in good hands under its new management."
New owners Alan and Debbie Giles are returning to the Melbourne hotels sector after a brief hiatus. Mr Giles, a former head of the Australian Hotels Association, has previously owned and operated a wide range of Melbourne metropolitan hotels.