27-31 Hansen Street, Corryong, Victoria

SOLD - Corryong Courthouse Hotel, VIC - 1P0107

SOLD

Business Description

EXCLUSIVE TO MHB

Fantastic Leasehold Hotel Opportunity in Victoria`s High Country.

A new lease direct from the landlord is available in the beautiful location of Corryong, Victoria.

Boasting excellent plant & equipment, public bar, TAB, bistro and 2 dining and function areas, beer garden plus 13 under-utilized en-suited accommodation rooms.

Presenting favourable terms including an initial rent free and reduced rent start up periods.

* Multiple income streams
* Turnover in 2019/2020 of approx. $20,000 per week
* Separate 3 bedroom residence with yard
* $1,100 ex GST rent per week (new lease)

Well presented and previously strong performing, this is a great start up opportunity!

Contact Ian McDonald for more information on this terrific hotel business.

Business Summary

Other Features / Notes

Country Pubs, Leasehold, SOLD, Sold & Settled, VIC - North East

Marketing Agent

Ian McDonald

McDonald Hospitality Brokers (MHB)

Key Investment Insights

AI generated. Confirm details with the seller.

1. Located in a beautiful and popular tourist destination in Victoria's High Country.
2. Favorable lease terms including initial rent free and reduced rent start up periods.
3. Multiple income streams including a public bar, TAB, bistro, and accommodation.
4. Well-maintained and fully equipped with excellent plant and equipment.
5. Potential for growth and expansion with 13 under-utilized en-suited accommodation rooms.
6. Separate 3 bedroom residence with a yard included in the lease.
7. Strong turnover of approximately $20,000 per week in the 2019/2020 financial year.
8. Affordable rent of $1,100 per week (excluding GST) for a new lease.
9. Previously a successful and well-performing business.
10. Opportunity for a new owner to make their mark and continue the business's success.