Terang, Victoria

Leasehold $320,000

Property Description

One of the Best Leasehold Hotel/Motels to Hit the Market - 1P4905H

This is an outstanding opportunity to secure this charming regional hotel, with a new 36 year lease, a recent major refurbishment and the painting of the hotel exterior will be completed in January 2020.

This double storey rendered brick hotel boasts a comfortable public bar, very well patronised bistro, separate function area with its own bar facilities, large commercial kitchen, great north facing beer garden and the only drive through bottle shop in town.

The recently refurbished second level now offers an accommodation income stream previously not available. In total there are 8 new accommodation rooms (consistently generating over $2700 pw), 3 new bathrooms, a guest laundry, kitchenette and lounge room area.

There is also a 3 bedroom managers residence with separate bathroom and kitchen.

Property Summary

Hotel Information

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

Other Features / Notes

A:LEASEHOLD, B:HOTEL/BAR, B:MOTEL, C:VIC - South West, C:VIC - West

Marketing Agent


Marketing Agency

CRE Brokers

Rohan Pertzel
CRE Brokers

Phone

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Map Location ( get directions )

Terang, Victoria 3264 Exact map location not provided

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