Palace Hotel - 1P6034

Exclusive to CRE Brokers is the leasehold business of the Palace Hotel in Lang Lang.

This hotel offers everything you need: a prominent two-story solid brick building featuring a spacious public bar, dining room, function room, commercial kitchen, TAB, drive-in bottle shop, and 13 rentable rooms.

Located on a large corner block with a land size of 1267 sqm in Victoria's fastest-growing corridor.

The property includes a large car park, with the bottleshop and function room (currently not in use) providing the next operator a prime opportunity to increase turnover and elevate the hotel's growth to new heights.

With a long lease and fair market rent, opportunities like this are rare.

The current owner is ready to retire and pass the reins to someone eager to capitalize on the hotel's endless potential.