Case Study: AMAZING GRACE, 150-156 South Gippsland Highway, Cranbourne

Where Historic Charm Meets Market Demand – Amazing Grace Tavern Sold

From Community Icon to Sold Investment

Two highly qualified buyers, among several interested parties, competed strongly to secure this rare opportunity. In addition to accommodating an exceptional business, the property presents significant future redevelopment potential, further enhancing the appeal of this well-located and strategically positioned asset.

The property was offered through a five-week Expression of Interest (EOI) campaign and sold comfortably within the expected and quoted price range.

SOLD

$3,225,000

EOI

11/08/25 (settlement date 08/09/2025)

Sales Process

The property was offered through a five-week Expression of Interest (EOI) campaign and sold comfortably within the expected and quoted price range.

The property was extremely well received by the market. A comprehensive marketing strategy—incorporating online platforms, social media, and multiple unsolicited editorials driven by the property’s unique attributes generated strong exposure and solid enquiry. This heightened visibility ultimately contributed to achieving the desired result at the conclusion of the campaign.

– David Politakis

Property Info

Situated on a prime commercial land holding in the centre of Cranbourne, on 2,228m² of land, this unique opportunity to purchase the freehold and business rights to this iconic property, formerly St Agatha’s Parish church site, was successfully sold. The property, now a well-recognised tavern and function/events venue, was beautifully maintained and thoughtfully presented.

Originally constructed in 1928/29 in the Italian Gothic Revival style, the architecture subtly merged historical charm with contemporary design and functionality, creating a striking and versatile venue.

As a prominent community hub and destination, Amazing Grace demonstrated immense potential, both as a thriving hospitality and events venue and as a site with significant scope for future redevelopment. Its unique character and central location made it a rare and valuable asset within the Cranbourne landscape.

Notable key features included:

Rare 400-person tavern liquor license
Multi-use zoned spaces, e.g., tavern/restaurant, chapel dining, alfresco areas, function rooms & beer gardens
Fully equipped working kitchen, cool rooms & freezer, and rear access point
Takings approx. $1.8m annually with scope to advance (operated only 5 days)
Located directly opposite major retail players such as Coles, Target, Kmart & many more
High corner exposure site & approved signage rights, with estimated 20,000 car pass daily
Expansive 60m plus main road frontage
32 onsite car spaces, dual access points
Pre-booked functions were a key aspect of business activity
Large 220 AMP 3-phase power supply
Zoned (ACZ) Activity Centre Zone allowing ample future diversity & re-development (STA)
WIWO freehold property and business opportunity