60 Napier Street, St Arnaud, Victoria
Royal Hotel, St Arnaud VIC - 1P0296
Freehold Going Concern - $740,000
Business Description
EXCLUSIVE TO MHB
Presenting the Royal Hotel, St Arnaud - Tastefully decorated, remarkably busy, repeat clientele and pride of the locals.
The Royal Hotel is an iconic building offering major street frontage on a perfectly located corner block, on the main road in the heart of central St Arnaud and supported by many local shops, bakeries and cafes etc.
The best presented Hotel in town, the Royal Hotel is well patronised by many loyal locals, visitors and nearby customers from smaller villages.
There is further potential to maximise the revenue as the hotel is only currently operating 5 days a week at present.
As an added bonus, there are 12 large bedrooms with separate large bathrooms. These rooms are currently not used as accommodation, but the revenue can be maximised by advertising the hotel style bedrooms via online services like Booking.com.au
The property offers seating for 32 in the main dining room, 60 in the bar area, 40 in the courtyard and 16 for footpath trading. There is a large working fully equipped kitchen with walk-in chillers with plenty of storage areas and a separate small function room.
The massive and very well-presented owner's residence on the second level, which is accessible via a staircase behind the bar is in immaculate conditions with large living room facing the main street. There is ample off‐street parking as it is in a junction and its strategically corner location and easily caters for all guests and hotel patrons.
A fantastic opportunity with potential for an owner/operator for less than a good house price in Melbourne.
Key Features:
* Multiple income streams with the bonus of 12 hotel accommodation rooms
* Quality owner/manager residence
* Bar / bistro / dining / lounge / footpath trade
* Commercial fully equipped kitchen with walk-in chiller
* Major corner street frontage - junction of Napier and Walker Streets
* Ample parking for hotel patrons
* Tastefully decorated and very well-presented
* Repeat clientele (currently trading 5 days a week - Wed to Sun)
* Property rates approx. $4,260 per annum
* Situated upon (approx.) 391m2 of C1Z ‐ Commercial 1 Zone
Relocate, live the dream and maximise the returns. So much opportunity to develop further here!
All appointments strictly by prior appointment only.
A must to inspect. Don`t miss this remarkable opportunity.
Contact Dan McDonald on ---------- to discuss.
Business Summary
Other Features / Notes
EXCLUSIVE, Freehold, Hotel, VIC - North WestKey Investment Insights
1. Iconic building with major street frontage and prime location in the heart of central St Arnaud.
2. Well-patronized by loyal locals, visitors, and nearby customers.
3. Potential to increase revenue by operating 7 days a week and utilizing the 12 hotel accommodation rooms.
4. Large and well-equipped commercial kitchen with walk-in chiller.
5. Multiple income streams including bar, bistro, dining, lounge, and footpath trade.
6. Immaculate and spacious owner/manager residence on the second level.
7. Ample off-street parking for hotel patrons.
8. Tastefully decorated and well-presented throughout.
9. Repeat clientele and currently trading 5 days a week.
10. Low property rates and situated on a large C1Z - Commercial 1 Zone block.
11. Opportunity for further development and potential for an owner/operator.
12. All appointments strictly by prior appointment only.
