Popular hotel motel situated in a residential township on the Princes Highway between Bairnsdale and Lakes Entrance.
Situated on 2 acres of land with main highway frontage, this well known hotel motel, adjacent to the Tambo River is available for purchase by a new tenant.
The trade has averaged approximately $30,000 per week and it continues to improve, with a well supported food and take away trade. The experienced staff will be happy to assist a new proprietor.
The hotel improvements comprise a public bar, lounge bar and connecting dining and function rooms, commercial kitchen, merging bar service areas, usual amenities, 4 bedroom manager's flat, take away pizza shop, 16 motel units.
The lease and options allow a total term to 2042.
We consider this hotel to have further trade potential under younger management.
NOTE PRICE REDUCTION - MAY 2024: The vendor wishes to retire from the industry and has significantly reduced the price for a prompt sale. DON'T MISS THIS RARE OPPORTUNITY TO PURCHASE AT A MOST REASONABLE PRICE IN THIS POPULAR COASTAL LOCATION.
For further details and formal inspection by appointment contact Warren Young 0407 042 407