Richard Pusey sells Cat Café freehold for $4.4 million
Mortgage broker Richard Pusey has sold a historic Melbourne CBD building (pictured top and below) after three years.
The 30 Guildford Lane property traded at auction on Thursday for $4.4 million to a private investor.
Mr Pusey paid $2.8 million for then-vacant double-storey complex, which sits on a 132 square metre block – leasing it in 2017 to Cat Cafe – a business unique for having cats live onsite.
The sale comes a year after Mr Pusey banked $6 million selling 225-229 Queensberry Street, Carlton – once part occupied by sadism and masochism venue Hellfire Club – after paying $4.55 million in 2016.
CBRE’s Julian White and Alex Brierley and Steveway’s Andrew Kolovos and Steven Pantelious marketed 30 Guildford Lane.
The agents said the investment provides the opportunity for a substantial rental uplift.
In future, the 237 sqm space can be split to create multiple tenancies. Or, an owner-occupier can move in, they added.
About 200 metres from Melbourne Central train station, the cafe is close to the Brady Group’s 380 Melbourne, which will contain 728 flats and a 312-inn hotel.
3L Alliance’s major Queens Place project is also in the vicinity.
