1 Nunn Street, Benalla, Victoria

North Eastern Hotel, Benalla VIC - 1P0029

Leasehold $590,000

Property Description

ESCAPE FROM THE CITY!

Rich in History, this beautifully renovated and stylishly appointed country leasehold venue is the absolute complete modern hospitality offering!

Packed with features, the Hotel includes a spacious public bar, relaxing couch areas each with its own authentic fireplace, bistro, dining, large function and/or conference room facilities, lounge, beer garden with vergola-style protection from the weather, footpath trade (STCA) plus ample parking for patrons.

With multiple income streams across food, beverage and accommodation, "The Northo" has the capacity to be a venue of choice far beyond the realms of the traditional Australian pub.

Key features:

* Turnover in excess of $1.74M across 2020/2021
* Buyers Yield of approx. 43.5%
* Outstanding Lease terms with rent at 4.9% of turnover
* Multiple income streams
* Beautiful modern hospitality venue
* 2 stunning authentic fireplaces
* Large function/conference room
* Garden courtyard with vergola-style protection from the weather
* 4 bedroom, 3 bathroom family residence
* 4 motel accommodation units
* Bustling regional city with very limited competition
* Strong revenue growth and profits

Demonstrating year on year growth in revenue and profitability, this is a genuine offering to market showing excellent returns on investment.

Contact Ian McDonald for more information on this outstanding opportunity.

Property Summary

Hotel Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -

Other Features / Notes

Feature, Hotel, Leasehold, VIC - North East
Marketing Agent
McDonald Hospitality Brokers (MHB)

McDonald Hospitality Brokers (MHB)

Listing location
Gallery

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