McDonald Hospitality Brokers | Over 40 years experience
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Leasehold $280,000 + SAV
EXCLUSIVE TO MHB
Priced to sell by motivated vendor!
Here is a fantastic opportunity to acquire a very profitable Leasehold Hotel business within the rich farming region in the Mallee District in North Western Victoria.
Built in 1919, the historic Victoria Hotel is the only Hotel in town and is perfectly situated on the main thoroughfare through the town.
Offering multiple income streams to the potential buyer the Hotel has many features including a spacious public bar with pool table, walk in bottle shop, TAB, function room, 120 seat bistro, large commercial kitchen, lounge, gorgeous balcony area, relaxing beer garden and ample parking for patrons.
As an added bonus there are 32 hotel style rooms plus a large separate 4 bedroom family residence.
Renowned for its excellent food within the region the Hotel is well patronised by loyal locals, workmen, sporting groups and tourists to the area.
* Multiple income streams
* 57% (approx.) yield to the buyer
* 11 years remaining on current lease
* Only Hotel in town
* 32 Hotel style accommodation rooms
* Renovated 4 bedroom family/Chef`s residence
Presenting very strong returns, this is a genuine opportunity to enter into the hospitality market with a long lease in place.
A terrific opportunity not to be missed.
Contact Ian McDonald to arrange an inspection.
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