UNDER CONTRACT - Star Hotel, Rutherglen VIC - 1P0018
MHB are proud to offer to market the Leasehold Business of the Star Hotel in Rutherglen, Victoria.
Built in the 1860`s, this historic country Hotel is perfectly located in the heart of town on the main street in the busy tourist township of Rutherglen in country Victoria.
The Hotel has been beautifully maintained and is in very good condition with many features including a public bar, Keno facilities, lounge, function room, busy drive-thru bottle shop, upstairs residence with potential to develop, undercover beer garden, potential to expand footpath trading STCA, plenty of parking for patrons, popular bistro/dining offering Chinese cuisine and traditional pub fare.
As an added bonus there are 6 refurbished Motel rooms onsite.
The Hotel is still trading well despite the Covid 19 lockdown period with solid trade derived from loyal locals and tourists who frequent the surrounding wineries and various attractions the region has to offer. Rutherglen has also become quite the hub for hosting Weddings therefore increasing the demand for accommodation, food and venues.
* Vendor is offering the current 6 year lease for $100K with the option to purchase another 10 years for $60K.
* 87% (approx.) Buyers Yield
* Multiple income streams
* Only drive-thru bottlo in town
* Good lease terms and additional years available
* Excellent Plant & Equipment
* Motivated vendor ready to meet the market
* Leased kitchen to the same tenant for 24 years
This is a terrific business opportunity not to be missed. An inspection will impress.
Contact Ian McDonald today to arrange an inspection.
Hotel InformationRestaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -
Other Features / Notes
Country Pubs, Leasehold, Under Contract, VIC - North East