Bottega restaurant premises on Bourke Street listed

Bottega restaurant premises on Bourke Street listed
Staff reporterApril 11, 2018

The Melbourne CBD building housing Italian restaurant Bottega has been listed for sale.

The vendors including celebrity chef Guy Grossi have expectations above $5 million. Bottega is run by restaurateur Denis Lucey.

Mr Grossi owns the 1880s-built two-storey building with his wife Melissa, sister along with business partner Liz Rodriguez and her husband, Grossi executive chef Chris Rodriguez. 

The two-storey property is at 72-74 Bourke Street.

Grossi, a judge on My Kitchen Rules, and his partners paid $2.375 million for the building in late 2001.

The property offers a 254sq m floorplan and 198sq m landholding.

Savills Australia agents Clinton Baxter, Nick Peden and Benson Zhou are selling the property via an expressions of interest campaign closing May 9.

Marketing it as an “extremely rare CBD freehold investment” with the restaurant recently extending its lease to paying “a modest rental” of $211,940 per year.

 

Editor's Picks

26 Vista Street, Surfers Paradise apartment development, hits 70 per cent sold
Latent Defects Insurance 101: What is the Technical Inspection Service (TIS) Program
City Beat January 2025: Gold Coast property values continue to grow as off the plan enquiries hit near 12-month high
Live parkside in Melbourne for under $500,000
Amalgamated Property Group launches Affinity Broadbeach apartments ahead of construction commencement