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Star Hotel, Rutherglen - 1P4389H

Business for Sale
Rutherglen VIC

HUGE Price Reduction - Star Hotel, Rutherglen

Price Leasehold $100,000 plus SAV

Star Hotel, Rutherglen - 1P4389H

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
Historic VIC Country Leasehold Hotel For Sale

Priced to sell! Still trading well despite Covid19 lockdowns!

$100K for 6 years lease plus the option of another 10 years for $60K.

Star Hotel, located on the main street in the heart of the tourist town of Rutherglen in country Victoria is a charming country that has been lovingly maintained and is in very good condition and features a public bar, Keno, lounge, function room, drive-thru bottle shop, upstairs residence, undercover beer garden, popular bistro/dining offering Chinese cuisine and traditional pub fare and, as an added bonus there are also 6 Motel rooms upstairs ripe for accommodation development.

The Hotel enjoys solid trade derived from loyal locals, tourists and weddings held in the town.

* 43.5% (approx.) Buyers Yield
* Multiple income streams
* Long Lease with good terms
* Excellent Plant & Equipment
* Motivated vendor ready to meet the market
* Kitchen Leased to the same tenant for 24 years

This is an excellent business opportunity. An inspection will not disappoint.

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

Contact Seller

Contact: Ian McDonald
Phone: 1300 767 802
Mobile: 0408 217 734

Bsale ID: 274928
Agent ID: 1P4389

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