PRICE REDUCTION - Tangambalanga Hotel - 1P4066H
EXCLUSIVE TO CRE BROKERS
VIC Leasehold Hotel For Sale
Priced to Sell - Motivated Vendors!
Terrific country Hotel nestled within the picturesque Kiewa Valley in the charming township of Tangambalanga, Victoria.
Ideally located on a main street of the town the Hotel is well supported and patronised by locals and passing tourists.
The Hotel features a public bar, bistro / lounge, under cover outdoor area / beer garden, 3 x lettable hotel style rooms and a 3 bedroom manager's residence.
Situated close to the popular tourist destination of Lake Hume and only a 15 minute drive to the major regional twin cities of Albury / Wodonga.
* Fantastic outdoor undercover beer garden
* Community village heartbeat with strong local support
* Multiple income streams with bar, food and accommodation
* 62 new Solar Panels installed significantly reducing electricity costs
* Strong turnover with over $475K in 2016/2017
* 12 year Lease
* 66% Buyers Yield
* Set on 1708.60 m2 of land
With the Devondale Murray Goulburn processing plant nearby and ongoing housing developments in Tangambalanga, this is an excellent business opportunity not to be missed!
Urgent Sale needed due to operators health issues.
Contact Ian McDonald at CRE Brokers to arrange an inspection of this fantastic property today!
Other Features / Notes
A:LEASEHOLD, B:HOTEL/BAR, C:VIC - North East