87 Whyte Street, Coleraine, Victoria
SOLD - COLERAINE HOTEL
SOLD
Business Description
This grand old double storey brick building is as impressive as it is iconic.
Coleraine Hotel is perfectly positioned in the rural centre of town, situated between the Great Ocean Road, Grampians and Coonawarra regions and within walking distance to shops and sporting facilities.
The business has multiple income streams including a spacious public bar opening out to a beer garden, drive through bottle shop, busy bistro and fully equipped commercial kitchen plus a private function room.
7 contemporary style refurbished first floor accommodation rooms and a separate 3 bedroom manager's residence complete the package.
The building has been well maintained and plant and equipment are in excellent condition. The business enjoys healthy returns with strong patronage from both loyal locals and year round tourists.
Offering a long lease, this is a great buy and wonderful opportunity to purchase a long established and profitable business in a lovely region in country Victoria.
Business Summary
Other Features / Notes
A:LEASEHOLD, B:HOTEL/BAR, C:VIC - WestKey Investment Insights
1. Iconic and impressive double storey brick building
2. Ideal location in a rural centre, surrounded by popular tourist destinations
3. Multiple income streams including a public bar, bottle shop, bistro, and function room
4. 7 refurbished accommodation rooms and a separate manager's residence
5. Well-maintained building and excellent condition of plant and equipment
6. Strong patronage from loyal locals and year-round tourists
7. Long lease in place
8. Established and profitable business in a lovely region of country Victoria.
