UNDER CONTRACT - 1P6010 3254
CRE Brokers are thrilled to offer the opportunity to purchase the Freehold Passive Investment of the Mount Elephant Hotel Motel, located on a prime corner in the township of Derrinallum and the only hotel motel in town, situated on the main highway between Geelong and Hamilton.
Set on 6,070 sqm of Township Zoned Land and comes to market for the first time since 2008, with a long 25 year lease, rent $65,000 plus GST and over 8% return.
The single level brick building comprises of a spacious public bar with new beer system, walk in independent bottle shop, large bistro which also provides space that can be divided into two areas for functions seating around 60 customers.
A new added beer garden / alfresco area, a large fully renovated commercial kitchen, smoker's area which is accessible from the public bar, huge off street carpark and private residence with 2 bedrooms, bathroom, living/dining area and finally an 8 room full ensuite motel which has been fully renovated with new beds, TV's, air-cons and furniture complete this amazing hotel.
Opportunities to purchase hotels of this quality which have been extensively renovated don't come along too often, so book an inspection now.
Property Address
- Address: 1-3 Main Street
- Area: VIC - South West
- City: Derrinallum
- Country: Australia
- Zipcode: 3325
Property Overview
Price:
Investment - Price on Application
