SOLD
Sold on 28 Jun 2024 for $10,750,000

260-262 Ferntree Gully Road
Notting Hill VIC 3168

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 6769m2
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Property Details for 260-262 Ferntree Gully Rd, Notting Hill

Building Type
Commercial
Land Size
6769m2
Local Government
Monash
Lot/Plan
1/TP242932

Last Listing description (November 2012)

'The Nott' - Opportunity Awaits - First time offered since 1936!
John H Castran Pty Ltd are pleased to offer For Sale by expressions of interest closing 21st November 2012 at 5pm, the Notting Hill Hotel - 'The Nott' - located at 260-262 Ferntree Gully Road, Notting Hill.
Offered for the first time since 1936 and located in the heartland of the eastern suburbs and drawing extensive trade from Monash University and surrounding business estates, this is one of Melbourne's most iconic hotels and one of the longest held hotels in Australia.

The Nott is being sold with vacant possession.
Set on a massive site of 6,647 square metres the improvements include:
> Public bar
> Uni lounge bar
> Bistro
> Saloon Bar
> 3 Commercial kitchens
> Extensive beer garden
> TAB
> Drive in bottle shop
> 134 on site car spaces
Total building area is approx 2,000 square metres.
Liquor License 31909833 hours are as follows:
Monday - Saturday 7am - 1am
Sunday 10am - 11pm
The Notting Hill Hotel's history goes back to the 1870's when it was known as the Half Way House Hotel. Its origins were accommodation for a coach service that ran from Prahran to Ferntree Gully by Thomas Gee Wilkinson a brick manufacturer who settled in the area in 1857 and was responsible for the naming of the area as Notting Hill.
Contact John Castran 0411 502 424
john@castran.com.au

Property History for 260-262 Ferntree Gully Rd, Notting Hill, VIC 3168

A timeline of how this property has performed in the market
Last Sold
$10,750,000
28 Jun 2024
  • 28 Jun 2024
    Sold for $10,750,000
  • 21 Nov 2012
    Sold for $3,200,000
  • 15 Oct 2012
    Listed for Sale EXPRESSIONS OF INTEREST

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About Notting Hill 3168

The size of Notting Hill is approximately 1.6 square kilometres. It has 1 park covering nearly 0.3% of total area. The population of Notting Hill in 2011 was 2,161 people. By 2016 the population was 3,041 showing a population growth of 40.7% in the area during that time. The predominant age group in Notting Hill is 20-29 years. Households in Notting Hill are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Notting Hill work in a professional occupation. In 2011, 50.8% of the homes in Notting Hill were owner-occupied compared with 41% in 2016.

Notting Hill has 2,210 properties. Over the last 5 years, Houses in Notting Hill have seen a 10.03% increase in median value, while Units have seen a 0.98% increase. As at 31 October 2024:

  • The median value for Houses in Notting Hill is $1,242,326 while the median value for Units is $376,467.
  • Houses have a median rent of $575 while Units have a median rent of $535.
There are currently 7 properties listed for sale, and 13 properties listed for rent in Notting hill on OnTheHouse. According to CoreLogic's data, 81 properties were sold in the past 12 months in Notting hill.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.