70 Mangan Street, Tongala, Victoria

Leasehold $150,000

Property Description

Tongala Hotel Motel - 1P3835H

VIC Hotel Motel For Sale

Priced to sell. Motivated Vendors!

Charming and historic Hotel, established in 1887 with the original weatherboard Hotel replaced with brick in 1913. The Hotel is the hub of the local community and has been used as a meeting place since the late 1890's.

Located prominently on a large corner allotment.

Featuring a public bar, TAB, bistro with takeaway meals and pizza`s, central kitchen, drive thru bottle shop, 9 separate Motel units and a large 4 bedroom manager's residence.

The current owners have established a strong business, with great reviews for food and service from the clientele.

* Strong 56% (approx.) Buyers Yield
* Excellent corner location
* Well patronised by locals within the community
* Located in a prosperous agricultural region
* Only Hotel in town
* TAB facilities
* Strong turnover with good trade
* Good Lease terms
* Multiple income streams

This is a fantastic opportunity to grow this business further within a strong community.

Contact Ian McDonald at CRE Brokers to arrange an inspection today.

Property Summary

Motel Information

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

Hotel Information

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

Other Features / Notes

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

Marketing Agent


Marketing Agency

CRE Brokers

Ian McDonald
CRE Brokers

Phone

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Map Location ( get directions )

70 Mangan Street, Tongala, Victoria 3621

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