Star Hotel, Rutherglen - 1P4389H
Stock Included: —
Stock Value: —
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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.