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 EastKey Investment Insights
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.
