87 Whyte Street, Coleraine, Victoria
Coleraine Hotel
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 a public bar, drive through bottle shop, bistro, and private function room.
2. Choice of 7 contemporary style refurbished accommodation rooms.
3. Separate 3 bedroom manager's residence with lounge, bathroom, and kitchenette.
4. Well-maintained building and excellent condition of plant and equipment.
5. Strong patronage from loyal locals and year-round tourists.
6. Located on the main street within walking distance to shops and sporting facilities.
7. Positioned in a rural center between popular tourist regions.
8. Established business with a long history.
9. Secure lease agreement.
10. Opportunity for both lifestyle and business ownership.
11. Located in a lovely region in country Victoria.
