Offers are invited for the freehold and business together with adjacent vacant land sites.
Historic hotel, established in 1868, in a small community and mountain holiday resort on the Lerderderg River.
It is approximately 90 kilometres from Melbourne and is a popular day trip and holiday location.
The main building is of single storey timber construction and it is prominently located on a corner site in the town centre. It comprises a traditional public bar, bar lounge and adjacent dining room and a semi enclosed deck area. Facilities include a commercial kitchen, 2 bedroom flat, liquor store, usual amenities. There are
also 3 motel style units, one of which is in the main building. Two vacant blocks have future development potential, subject to usual approvals.
The hotel is presently operated under management and currently trades 4 days per week plus Monday night.
Lunch and dinner is available together with usual bar service.
We consider that there is considerable potential for future trade at this hotel based on patron demand.
This is a rare opportunity to acquire an interesting hotel in an historic township with year round tourist trade and having some potential for further development having regard to the vacant land included.
The vendor is a genuine seller and is inviting offers rather than stating a firm price. As a guide we advise that this hotel, together with land, will suit buyers under $1m.