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
Hotel InformationRestaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -