Bendigo Ballarat Real Estate are pleased to offer for sale, a landmark with over 150 years of history. This Freehold of the Serpentine Hotel (Business is not for sale) & 4 bedroom Residence offers an outstanding opportunity in regional Victoria with a large parcel of land that can be further developed (STCA).
There is a secure lease already in place providing immediate returns. Don't miss this outstanding opportunity that offers potential for additional business with greater returns for savvy investors.
LOCATION
Only 50km from Bendigo, the hotel is a popular stop over for travellers between Melbourne, Mildura and Echuca
Only pub and restaurant facility in a 20km radius, in a peaceful countryside location
Strategic location at the intersection of 3 major highways with direct access from two major highways (Loddon Valley Highway and Echuca-Serpentine Highway)
Walking distance from Loddon Shire council office, public reserves, post office, and petrol station
Geographical center of Loddon Shire
HOTEL
Cement Brick hotel and bar which seats up to 75 people, with a brand new kitchen, interior, split systems, fans, range hood, beer chiller, flooring and more
Includes a cool room, beer lines, an office room, separate male and female toilets, covered back veranda, and an outdoor covered beer garden
Large street frontage of 100m along two highways, with convenient and ample parking
Landmark building in Serpentine, brightly lit up at night
Currently rented for $510/week, on a 3+5+5+5 basis, with 3% yearly increments
HOUSE
4 bedrooms, 2 toilets, 1 bathroom with tub and shower, kitchen, large living room, and an outhouse with electricity and plumbing connected
Private secure backyard with 2 sheds, 3 pet coops and a carport
An opportunity for finishing as preferred by the buyer
Potential returns of at least $400/week for private rental
Front of the house suitable for short-stay accommodation (e.g. AirBnB), of which there are none north of Bridgewater (20km away) towards Mildura and Echuca, which are very popular travel routes. Or as a retail outlet capitalising on foot traffic from the hotel
LAND
Additional about 3,000 sqm of land with Township zoning vacant, with 2 large gates facing Loddon Valley Highway
JD0204
