The Zagame family has sold one of the Melbourne CBD’s best-known watering holes, The Garden State Hotel, for $35 million to ASX-listed funds manager Charter Hall, one of the country’s biggest publicans.
On Flinders Lane, the multi-level building’s main offering is the pub run by Australian Venue Co (AVC), a cocktail bar called the Rose Garden on its basement level and, at its rear, Italian restaurant Tippy Tay, which opened in 2021.
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