87 Whyte Street, Coleraine, Victoria
SOLD - Coleraine Hotel
SOLD
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 sold, offered as a leasehold hotel/bar business in western Victoria.
2. Iconic double storey brick building originally established circa 1920s, offering strong character and curb appeal.
3. Prime main street location in the rural centre of Coleraine, within walking distance to shops and sporting facilities.
4. Strategic tourism catchment, positioned between the Great Ocean Road, the Grampians and the Coonawarra regions.
5. Multiple revenue streams including a spacious public bar with TAB and beer garden, a drive through bottle shop, and a busy bistro.
6. Fully equipped commercial kitchen and a private function room, supporting events and food service growth.
7. Accommodation income from seven contemporary style refurbished first floor rooms, providing overnight guest earnings.
8. Onsite separate three bedroom manager’s residence with lounge, bathroom and kitchenette, facilitating owner/operator convenience.
9. Building, plant and equipment reported as well maintained and in excellent condition, reducing immediate capex requirements.
10. Established customer base with strong patronage from loyal locals and year round tourists, supporting stable trading.
