45 MacKay Street, Rochester, Victoria
Criterion Hotel Rochester
Leasehold $130,000
Business Description
This historic all rounder hotel is perfectly located on a prominent corner block in the heart of a lovely country town in Northern Victoria.
The hotel comprises of a spacious public bar with polished timber features and purpose built games area. The property also features a cosy family friendly dining room, second dining/function room as well as alfresco style footpath dining and an impressive beer garden with extensive decking and sail shades. The current owners have created an ice cream shop/cafe with seating which could become a family friendly party venue and could also offer drive through coffee. The premises also offers ample street parking plus a large rear carpark. The hotel has 5 rooms currently utilised as a 5 bedroom manager's residence.
Maintained and very well presented, the Criterion is a lovely family friendly hotel with diverse revenue streams and significant growth potential. This is a fantastic business opportunity for a new team not to be missed.
Freehold opportunity can also be available.
Business Summary
Other Features / Notes
A:LEASEHOLD, B:HOTEL/BAR, C:VIC - NorthKey Investment Insights
1. Prime central location on a prominent corner block in the heart of a country town in Northern Victoria, offering high visibility and likely foot traffic.
2. Historic hotel character preserved, enhancing appeal and potential for heritage-driven marketing.
3. Spacious public bar with polished timber features and a purpose built games area, supporting strong on‑premises patronage.
4. Multiple dining options including a cosy family friendly dining room and a second dining/function room, enabling varied food service and events.
5. Extensive outdoor facilities comprising alfresco footpath dining and an impressive beer garden with extensive decking and sail shades, increasing capacity and seasonal revenue.
6. Onsite ice cream shop/cafe with seating, convertible to a family party venue and with potential for drive‑through coffee, adding ancillary income streams.
7. Ample street parking plus a large rear carpark, improving accessibility for guests and event attendees.
8. Five rooms currently configured as a five‑bedroom manager’s residence, reducing staffing accommodation costs or convertible to lettable rooms.
9. Well maintained and very well presented property, lowering immediate capital expenditure for a new owner.
10. Diverse revenue streams and significant growth potential, with freehold option available and current listing as leasehold, providing flexibility for buyers.
