1 Nunn Street, Benalla, Victoria

North Eastern Hotel - 1P5302H

Leasehold - $590,000

Property Description

CRE Brokers are pleased to be offering for sale the Leasehold Business of the North Eastern Hotel, Benalla – 'The Northo.'

Built in 1868 this beautifully renovated Hotel tastefully combines historical charm with the luxuries of a modern Hotel to suit the most discerning of clientele. Beautiful features include dado walls, fireplaces, timber lined ceilings, timber floorings and garden surrounds.

Located in a strong regional town considered the gateway to wine regions, rivers and mountains, this well-presented hotel offers multiple streams of income.

The Hotel features an attractive dining room, cosy lounge areas with open fire places, function room, courtyard garden, a substantial off-street private car park and 4 ensuited motel rooms as well as an owners' residence.

Strong local, tourist and corporate support from large businesses located in the area ensure the business is a consistent performer. Averaging approximately 1000 covers per week contributes to a strong weekly turnover. Figures also demonstrate strong resilience in covid affected periods.

Benalla is gaining popularity as a tourist destination offering wall-art and a silo-art trail, and with the recent upgrade to Winton Raceway there is a continual stream of visitors to the town with local events.

Hotels like this don't come along every day and are tightly held. Don't miss this opportunity - below market rent and a very healthy bottom line 'The Northo' will not disappoint!

Call Steph Mannix on ---------- to arrange an inspection today.

Property Summary

Motel Information

Hotel Information

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

Other Features / Notes

A:LEASEHOLD, B:HOTEL/BAR, C:VIC - North East
Marketing Agent
Listing location
Gallery

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