Melbourne's oldest licensed pub up for sale Posted by: Alana House September 13, 2017 Melbourne's oldest licensed pub - The Duke of Wellington - is up for sale, with a $30million+ price tag. Built in 1850, the pub was named after Field Marshal Arthur Wellesley — aka the Duke of Wellington — who famously led the British forces to defeat Napoleon in the Battle of Waterloo in 1815. It has had many colourful licensees, including football hero Brian ‘the Whale’ Roberts. The pub, located on the corner of Russell and Flinders streets, was boarded up for 10 years until it underwent extensive renovation and reopened last year. The pub is currently owned by property developers the Schwartz family and leased to leased to Dixon Hospitality with a 3am liquor licence. Schwartz is also selling The Adina Hotel in Flinders Street. The property is tipped to fetch about $50million and is leased to Toga Far East Hotels until 2021. The properties will be offered together or separately by CBRE Melbourne Middle Markets agents Josh Rutman, Mark Wizel, Lewis Tong and Kiran Pillai and CBRE Hotels agents Rob Cross and Scott Callow.