10 Camp Street, Beechworth, Victoria
SOLD - Empire Hotel, Beechworth
SOLD
Business Description
Empire Hotel Beechworth as a leasehold business opportunity for the astute hospitality operator.
Sited on the busy corner of Camp & High Streets diagonally opposite the famous Beechworth Bakery, the Empire Hotel offers a food-oriented hospitality operator the ability to walk in and start trading at a low cost affordable level.
Extensively refurbished from 2017 onwards, the hotel offers a large front bar/lounge with open fireplace leading to a secondary lounge/seating area, cellar and male & female amenities. On the lower level sits the dining room capable to seating around 50 patrons (approx.) immediately adjacent to the commercial kitchen boasting modern equipment capable of producing any variety of cuisine. There's also a second cellar which has potential to be turned into a whiskey bar or function room (STCA) and provide a unique experience for guests.
Upstairs provides pub style guest accommodation rooms (3 x twin & 3 x queen rooms) with shared bathroom amenities, a manager's studio apartment, 2 x small function rooms, residential kitchen area, storage room and the jewel in the crown, the corner all-weather verandah licensed for 97 patrons which offers a unique view of the historic gold rush town of Beechworth.
Beechworth is a must-see historic tourist town in North-East Victoria, with a vibrant local offering and is the heart of the renown Beechworth wine region. Although not currently trading, the Empire Hotel was recently the social hub of the community, and the next operator will benefit greatly from the potential return of this patronage.
Business Summary
Other Features / Notes
A:LEASEHOLD, B:HOTEL/BAR, C:VIC - North EastKey Investment Insights
1. Leasehold hotel opportunity suitable for an astute hospitality operator, reducing upfront property purchase cost.
2. Prime corner location at Camp and High Streets, diagonally opposite the famous Beechworth Bakery, offering strong foot traffic and visibility.
3. Extensively refurbished from 2017 onwards, reducing immediate capital expenditure for upgrades.
4. Positioned as a food-oriented venue, enabling a new operator to walk in and start trading at a low-cost, affordable level.
5. Large front bar/lounge with open fireplace linked to a secondary lounge, cellar and male and female amenities, supporting varied patron experiences.
6. Ground-floor dining room seating approximately 50 patrons, immediately adjacent to a modern commercial kitchen capable of producing a wide range of cuisine.
7. Second cellar with potential to be converted into a whiskey bar or function room, subject to council approval, offering a distinctive guest experience.
8. Upstairs accommodation comprising 3 twin and 3 queen pub-style rooms with shared bathrooms, providing supplementary accommodation revenue.
9. Manager’s studio apartment and two small function rooms upstairs, supporting on-site management and small events.
10. Corner all-weather verandah licenced for 97 patrons, delivering a standout licensed outdoor space with views of historic Beechworth.
11. Located in a must-see historic tourist town in North-East Victoria, at the heart of the renowned Beechworth wine region, offering strong tourism and local patronage potential.
12. Currently not trading but recently functioned as the community social hub, indicating potential for rapid patronage recovery under new management.
