87 Whyte Street, Coleraine, Victoria
UNDER OFFER - Coleraine Hotel - multiple income streams
Leasehold $115,000
Business Description
Leasehold business of the Coleraine Hotel.
This grand old double storey brick building is as impressive as it is iconic. The Coleraine Hotel was originally established circa 1920's and has seen many transformations in its time. It is perfectly positioned in the rural centre of town, situated between the Great Ocean Road, Grampians and Coonawarra regions.
The business has multiple income streams including a spacious public bar with TAB opening out to a beer garden, drive through bottle shop, busy bistro and fully equipped commercial kitchen plus a private function room. Guests can enjoy a choice of 7 contemporary style refurbished first floor accommodation and in addition there is a separate 3 bedroom manager's residence complete with lounge, bathroom and kitchenette.
The Coleraine Hotel is perfectly positioned on the main street of town within walking distance to shops and sporting facilities. The building has been well maintained and plant and equipment are in excellent condition. The business enjoys strong patronage from both loyal locals and year round tourists.
This is a great buy and wonderful opportunity to purchase a long established and secure leased business in a lovely region in country Victoria. If you are looking for lifestyle and business then look no further.
This is definitely one property to put in the diary to inspect!
Business Summary
Other Features / Notes
A:LEASEHOLD, B:HOTEL/BAR, C:VIC - WestKey Investment Insights
1. Listed as UNDER OFFER, indicating active buyer interest or pending sale.
2. Leasehold hotel business, enabling lower entry cost compared with freehold ownership.
3. Multiple income streams, including a spacious public bar with TAB, drive-through bottle shop, busy bistro, private function room and 7 serviced accommodation rooms.
4. Fully equipped commercial kitchen and well maintained plant and equipment, reducing immediate capex for new operators.
5. Separate three bedroom manager’s residence with lounge, bathroom and kitchenette, supporting onsite management and cost-efficient staffing.
6. Iconic double storey brick building circa 1920s, offering heritage appeal and strong street presence.
7. Prime main street location in the rural centre of Coleraine, within walking distance to shops and sporting facilities, supporting local walk-in trade.
8. Strategically positioned between Great Ocean Road, Grampians and Coonawarra regions, providing year-round tourist catchment and regional visitor flows.
9. Beer garden and TAB facilities enhance daytime and after-hours revenue potential, catering to diverse customer segments.
10. Strong patronage from loyal locals and year-round tourists, indicating steady demand and repeat business.
11. Long-established operation with demonstrated longevity and regional lifestyle appeal, suitable for buyers seeking a lifestyle business in country Victoria.
