Lake Bolac VIC 3351

CRE Brokers are pleased to offer the Freehold Passive Investment of the Lake Bolac Hotel which is situated on a major intersection in town and the gateway to the world renowned Grampians region.

The Hotel features a bistro / dining room, public bar with open fire, fully licensed cafe (potential to reopen cafe area).

There is a beer garden and internal courtyard, commercial kitchen, 3 bedroom manager's residence, office and Bluestone Stables used for competitions and music nights.

Lease Details:
Term : 5 years from March 2019 (Further Terms : 5 years)
Current Rent : $48,000.00 pa + GST
Rent Reviews : Annual review based on Gross Sales Achieved with a minimum of $48,000 pa + GST
Outgoings : Paid by tenant

Lake Bolac is set on a large 6621.2 m2 Township Zoned parcel of land is the only hotel in town.