Rochester, Victoria

Freehold $875,000

Property Description

66HF - A FREEHOLD PUB UNDER A MILLION WITH A 25% RETURN

The Criterion Hotel in Rochester Victoria offers a brilliant income, a wonderful town in which to live with a residential opportunity, or rooms to rent.

- It's made up of front bar, restaurant, events room and drive through bottle shop.

- Limited competition in town and the only drive through.

- It's a stone's throw off the Northern Highway.

- A small centre of the universe not far from Bendigo, Shepparton and Echuca.

Note - the asking price is under the rates notice valuation. Makes half an acre (approximately) as safe as houses.

Alternatives? The property is also listed separately as an investment and as a business with long lease.

Net Profit: $250,000 for 12 months

Contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.

Property ID: 66HF (quote when enquiring)

Location: Rochester is a small town in country Victoria, located 180 km north of Melbourne with a mixture of rural and semi-rural communities on the northern Campaspe River, between Bendigo and the Murray River port of Echuca. It is part of the Shire of Campaspe and has a population of just over 3,000, with a well-developed retail sector and a range of community and business services.

Agriculture plays an important part in the economy of Rochester. Primary agriculture includes dairy, tomatoes, cattle and sheep. There are also some grain and seed farms. The Devondale (dairy processing) factory is a large employer, and there are several other smaller industries.

Located at the heart of one of the richest and most diverse agriculture and food processing regions in Victoria, the Shire of Campaspe is a vibrant rural community in northern Victoria. It comprises of many townships including Echuca, Kyabram, Rochester, Rushworth and Tongala.

Property Code: 3148

Property Summary

Hotel Information

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

Marketing Agent

Reg Partington

Marketing Agency

Tourism Brokers

Reg Partington
Tourism Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Rochester, Victoria 3561 Exact map location not provided

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