67-73 Standish Street, Myrtleford, Victoria

Freehold Passive Investment - $740,000 Negotiable

Property Description

MAKE AN OFFER - Myrtleford Hotel Motel - 1P4534H

EXCLUSIVE TO CRE BROKERS

All Offers Welcome!

Our Vendor is negotiable and ready to meet the current market.

VIC Freehold Passive Investment Hotel Motel Opportunity

The Myrtleford Hotel Motel is a terrific freehold investment property situated on a prime corner location on one of Myrtleford`s main streets en route to the stunning Mt Buffalo National Park and its associated skiing holiday resorts.

With recent refurbishments and upgrades the Hotel Motel until recently (Hotel currently closed due to Covid19) was operating 7 days a week and features a spacious public bar, lounge, bistro, large function room, beer garden, new TAB & Keno area, ample parking for patrons plus a manager`s residence.

As an added bonus there are 18 Hotel style rooms, 4 are en-suited, with a beautiful balcony overlooking the town that are still currently being let out.

* New Lease and tenant in place
* All inventory owned by the landlord
* Rent review in April 2025
* 18 accommodation rooms
* Picture postcard Alpine Valley location
* Receives strong patronage from locals and year round tourists
* Top location
* Situated on 2285.10m2 of Commercial 1 Zoned land
* Rear land ripe for development STCA (additional accommodation)

This one won't last long at this price! Excellent investment value!

Contact Ian McDonald at CRE Brokers to discuss all this property has to offer the savvy investor.

Property Summary

Motel Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -

Other Features / Notes

A:INVESTMENT, B:HOTEL/BAR, C:VIC - North East

Marketing Agent


Marketing Agency

CRE Brokers

Ian McDonald
CRE Brokers

Phone

Listing Tools

This listing last updated: 21st September 2020

Property Map

Map Location ( get directions )

67-73 Standish Street, Myrtleford, Victoria 3737

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Freehold Vacant Possession $680,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

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