88 - 90 Albert Street, Creswick, Victoria
Iconic Freehold Hotel – Proven Performer ideally positioned in the heart of Creswick
FHGC - $2,750,000 plus SAV
Business Description
An exceptional opportunity to acquire one of regional Victoria's most recognisable hotels - the American Hotel Creswick, proudly offered as a Freehold Going Concern.
Established in 1854, this landmark property combines rich goldfields heritage with strong, diversified income and outstanding future potential. Ideally positioned in the heart of Creswick's town centre, the hotel benefits from loyal local patronage, high passing trade, and a growing regional tourism market.
Featuring three distinctive bar areas, a stylish 60-seat bistro, modern commercial kitchen, multiple function rooms including the elegant Lindsay Room and intimate Green Room, plus six well-appointed guest rooms and inviting alfresco spaces - the American Hotel delivers both charm and commercial performance.
Set across two land titles, the property also presents exciting development potential for further accommodation or mixed-use expansion (STCA).
Key Features:
• Established and well-performing freehold hotel with long trading history
• Prime main-street location in the heart of Creswick
• Multiple income streams – bar, bistro, accommodation and functions
• Beautifully maintained heritage building with modern facilities
• Two land titles offering development and value-add potential
• Strong regional tourism and population growth
This is a rare chance to secure a high-performing hospitality asset in one of Victoria's most dynamic regional destinations - just 15 minutes from Ballarat and 90 minutes from Melbourne.
Contact the Exclusive Agents:
Rohan Pertzel - CRE Brokers in conjunction with Jellis Craig Ballarat
Business Summary
Other Features / Notes
A:FREEHOLD GOING CONCERN, B:HOTEL/BAR, C:VIC - North EastKey Investment Insights
1. Freehold going concern, owner-occupier or investor can acquire land and operating business together.
2. Iconic heritage asset established in 1854, offering strong brand recognition and landmark status.
3. Prime main-street location in Creswick town centre, benefiting from loyal local patronage and high passing trade.
4. Close regional access, 15 minutes from Ballarat and 90 minutes from Melbourne, supporting day-trip and weekend visitation.
5. Multiple revenue streams, including three bar areas, a 60-seat bistro, accommodation and functions, reducing reliance on any single source.
6. Six well-appointed guest rooms and inviting alfresco spaces, supporting overnight stays and seasonal trading.
7. Modern commercial kitchen and well-maintained facilities within a heritage building, enabling efficient foodservice operations.
8. Multiple function rooms including the Lindsay Room and Green Room, providing event and private hire income potential.
9. Property set across two land titles, presenting development or mixed-use expansion potential subject to council approval.
10. Located in a region with strong tourism and population growth, supporting future demand and revenue upside.
11. Presented by exclusive agents CRE Brokers and Jellis Craig Ballarat, indicating a formal sales process and market exposure.
