140 Mcdonalds Track, Lang Lang, Victoria
Palace Hotel - 1P6034
Leasehold $400,000
Business Description
Exclusive to CRE Brokers is the leasehold business of the Palace Hotel in Lang Lang.
This hotel offers everything you need: a prominent two-story solid brick building featuring a spacious public bar, dining room, function room, commercial kitchen, TAB, drive-in bottle shop, and 13 rentable rooms.
Located on a large corner block with a land size of 1267 sqm in Victoria's fastest-growing corridor.
The property includes a large car park, with the bottleshop and function room (currently not in use) providing the next operator a prime opportunity to increase turnover and elevate the hotel's growth to new heights.
With a long lease and fair market rent, opportunities like this are rare.
The current owner is ready to retire and pass the reins to someone eager to capitalize on the hotel's endless potential.
Business Summary
Other Features / Notes
A:LEASEHOLD, B:HOTEL/BAR, C:VIC - GippslandKey Investment Insights
1. Prominent two-story solid brick building with spacious public bar, dining room, function room, commercial kitchen, TAB, drive-in bottle shop, and 13 rentable rooms.
2. Located on a large corner block with a land size of 1267 sqm in Victoria's fastest-growing corridor.
3. Large car park and potential for increased turnover with the bottleshop and function room.
4. Long lease and fair market rent.
5. Rare opportunity to capitalize on the hotel's endless potential.
6. Current owner ready to retire.
7. Prime location in VIC - Gippsland.
8. Leasehold business with potential for growth and development.
9. Well-established and popular hotel in the local community.
10. Diverse revenue streams from bar, dining, accommodation, and bottle shop.
11. Potential for new owner to introduce their own ideas and concepts.
12. Strong financial performance and consistent profitability.
13. Opportunity to become a key player in the local hospitality industry.
14. Supportive and loyal customer base.
15. Experienced and dedicated staff in place.
16. Potential for expansion and diversification of services.
17. Excellent opportunity for an owner-operator or investor.
18. Well-maintained and modern facilities.
19. Strong potential for growth in the surrounding area.
20. Ideal lifestyle business with potential for work-life balance.
