4326 Kiewa Valley Highway, Dederang, Victoria

UNDER OFFER - Dederang Hotel, VIC - 1P0163

Freehold Going Concern $1,365,000

Business Description

Classic Country VIC Freehold Pub - First time to the market in over 33 years!

The Dederang Hotel is a first-class example of everything a great classic country pub has to offer.

This popular pub has raised a generation of people in the district, and thus been the home for many a 18th and 21st.

The current owners have decided to let this cracking hotel go after a long and illustrious innings of 33 years at the helm of this strong performing business.

Situated at the foothills of the stunning Victorian High Country, the hotel is the only pub for miles and offers multiple income streams with a strong accommodation offering of 5 internal classic pub rooms along with 3 x 2 bedroom self-contained cabins situated at the rear of the larger land holding.

There is also a spacious 3 bedroom family residence at the rear of the main hotel building that could be updated to the same level as the newer cabins and offered as an Air-bnb options. The property also has multiple storage options with a larger than standard storage shed at the rear of the hotel.

With current occupancy at approx. 50% and with room to add an additional 6 x cabins, plus with a septic system already in place capable of catering for further cabins there is huge potential to increase accommodation revenue.

Hosting one of the strongest local support bases ever seen with possibly the strongest footy tipping competitions of any hotel, a large custom tipping board was required to cover the sheer numbers entering each season, plus a 3 grade cricket club. This obviously translates at the till and with takings.

Other features include a diverse beer garden space with a large under cover section, serviced by an extension of the internal bar this can easily double as an independent function space, an open-air area in between another undercover area that also doubles as an outdoor kitchen with a wood fired pizza oven that is the engine room for Friday night pizza nights, an updated well-equipped commercial kitchen, dining space with capacity for 65 plus an additional 35 seats within the bar area.

Key Features:

* Multiple income streams with bar / food / accommodation
* Turnover in excess of $1.2M for the 2023/2024 financial year
* Massive potential for accommodation growth
* Popular tourist area across throughout the year
* Well supported by locals and community sporting clubs
* Pub of choice in the district
* 3 bedroom on-site family residence + multiple storage options
* Enclosed all weather beer garden
* Gateway to the High Country and snowfields
* Huge footy tipping competition
* Situated upon approx. 7,466m2 of Farming (FZ) Zoned land

A proven strong performer, the Dederang Hotel has the proven foundation to work from and improve upon.

The property is well known in the local community and is the pub of choice for many and most locals near and far.

An inspection will not disappoint.

Contact Dan McDonald, the Exclusive Agent, at MHB direct on ---------- to arrange an inspection.

Business Summary