87 Whyte Street, Coleraine, Victoria
Coleraine Hotel - multiple income streams
Leasehold $125,000
Business Description
CRE Brokers are proud to be exclusively marketing the 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. Multiple income streams including spacious public bar with TAB and beer garden, drive-through bottle shop, busy bistro, private function room, and 7 ensuite accommodation rooms.
2. Leasehold offering, presenting lower entry capital than freehold acquisition.
3. Iconic double storey brick hotel circa 1920s, providing strong character and potential marketing appeal.
4. Fully equipped commercial kitchen and well maintained plant and equipment in excellent condition, reducing near-term capital expenditure.
5. Separate three bedroom manager’s residence with lounge, bathroom and kitchenette, enabling on-site management and operational flexibility.
6. Prime main street location in the rural centre of Coleraine, within walking distance to shops and sporting facilities, supporting consistent local patronage.
7. Strategic tourism catchment, situated between the Great Ocean Road, Grampians and Coonawarra regions, driving year-round tourist trade.
8. Established and long-standing business with strong patronage from loyal locals and tourists, indicating stable revenue potential.
9. Beer garden and TAB facilities increase dwell-time and ancillary spend opportunities.
10. Opportunity aligns with lifestyle buyers seeking a regional business in country Victoria, combining residence and hospitality operations.
