70-72 Mangan Street, Tongala, Victoria
Tongala Hotel Motel, VIC - 1P0102
SOLD
Business Description
EXCLUSIVE TO MHB
So Much Potential Here!
Offering a fantastic opportunity to enter the hospitality industry or even for an experienced operator looking for the perfect mix of lifestyle and business amongst a great community.
The Tongala Hotel is the heart and hub of the local community, serving as the towns meeting place since the late 1890's.
Prominently positioned on a large corner allotment on approximately 2,884m2 of land, the property is in excellent condition and features a public bar, TAB, bistro, central commercial kitchen, drive thru bottle shop, 9 separate motel apartments and a spacious 4 bedroom manager's residence.
This charming and historic hotel was established in 1887 and underwent extensive rejuvenation in 1913 when the weatherboard hotel was replaced with the brick building that stands today.
This is a fantastic opportunity to grow the business further within this strong community.
Key Features:
* Strong community support and patronage
* Located in a prosperous agricultural region
* Only Hotel in town
* TAB facilities
* 9 x Motel accommodation rooms
* Situated upon approx. 2,808m2 of Township Zoned Land
* Excellent opportunity for development
Leasehold also available.
Contact Ian McDonald at MHB direct on ---------- to discuss this excellent opportunity!
Business Summary
Key Investment Insights
1. Prime location in a strong and supportive community, with potential for growth.
2. Established in 1887, with a rich history and well-maintained facilities.
3. Multiple revenue streams, including a public bar, bistro, TAB, drive-thru bottle shop, and 9 motel rooms.
4. Spacious 4 bedroom manager's residence on site.
5. Situated on a large corner allotment of approximately 2,884m2.
6. Only hotel in town, providing a unique opportunity for the right buyer.
7. Strong agricultural region, providing a steady customer base.
8. Potential for development on the 2,808m2 of Township Zoned Land.
9. Leasehold option also available.
10. Experienced operator or first-time buyer can benefit from the perfect mix of lifestyle and business.
