Guy Grossi completes Carlton North Pub sale in $2M+ deal
Chef and restaurateur Guy Grossi has successfully sold the historic Brandon Hotel in Carlton North, with the Station St venue transacting within its $2 million to $2.5 million asking range.
The sale brings another chapter of Grossi's hospitality empire to a close, following his October 2025 announcement that he would offload his celebrated Bourke St institution Grossi Florentino — now rebranded as Florentino — alongside The Grill, The Cellar Bar, Ombra Salumi and Arlechin. The Brandon Hotel was brought to market in January, with records indicating Grossi acquired the property through a directed company back in 2022.
The pub changes hands with a secure income stream already in place — the current publicans, who took over the lease last year, will remain under a five-year tenancy agreement with options to extend.
Sitting on a 353 square metre corner landholding at Station and Lee streets, the venue offers ground floor food and beverage operations, outdoor footpath seating and upstairs accommodation. Its heritage credentials are well established, with historical newspaper records placing its origins to at least 1876.
HTL Property's Victorian director Scott Callow, who brokered the deal, noted strong buyer interest from local, interstate and international parties — many drawn in part by personal connections to the pub stretching back to their university years. He described it as one of Carlton's most-loved neighbourhood hotels.
"When you can buy a very popular local pub situated on a substantial corner landholding, generating rental income with growth and the tenant paying outgoings for the price of a quality home in the area, it became a simple proposition for switched on buyers," Callow said.
"Hence the concept of investing in a pub asset that separately offered a healthy dose of nostalgia, was a powerful lever that ultimately appealed to many interested parties."
PropTrack data places Carlton North's median house price at $1.7 million — closely aligned with the pub's sale range.
Jonathan Jackson, 31st March 2026
