The Olsen and The Cullen, two iconic life-style accommodations positioned in Melbourne’s vibrant CBD-fringe suburbs of South Yarra and Prahran, have been listed on the market.
The properties, a part of the boutique Artwork Collection that are impressed by and devoted to Australian up to date artists, can be found both individually or as a portfolio providing.
The sale is being managed by CBRE’s Michael Simpson, Tom Gibson, Andrew Williams and Nick Hill by way of an Expressions of Curiosity marketing campaign.
Each accommodations are operated underneath a lease settlement with Accor, expiring in March 2026. This presents the chance for vacant possession within the brief time period for an incoming purchaser.
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Mr Simpson famous, “As investor curiosity within the life-style boutique resort sector continues to develop, The Olsen and The Cullen stand out with their distinctive design and generously sized layouts. These belongings not solely supply rapid enchantment but in addition current a uncommon alternative for adaptive reuse, ideally suited to conversion into co-living or Construct-to-Lease fashions.”
Located within the prestigious inner-city suburb of South Yarra, The Olsen includes 224 trendy visitor rooms and suites, outstanding restaurant and retail areas, convention and occasion amenities, 79 automobile areas, a gymnasium, and a swimming pool.
The Cullen is positioned within the coronary heart of eclectic and culturally wealthy Prahran, 5kms southeast of Melbourne’s CBD. The resort presents 119 visitor rooms and suites, versatile assembly areas, 30 automobile areas, a gymnasium, and vacant floor ground retail tenancies, presenting a variety of value-add alternatives.
Mr Gibson added, “The accommodations profit considerably from their prime inner-city areas. South Yarra is famend for its luxurious boutiques and fantastic eating, providing a singular mix of status and comfort that appeals to professionals, high-income earners, and worldwide guests. In the meantime, Prahran is anchored by the long-lasting Chapel Avenue, recognized for its excessive foot site visitors, youthful demographic, and vibrant café and nightlife tradition, making it a premier life-style and leisure vacation spot.”
The Artwork Collection Resorts are being provided on the market by way of an Expressions of Curiosity marketing campaign closing Tuesday 16 September at 2.00pm (AEST), until offered prior.
