Royal Hotel - 1P6319 547
Situated at the prominent corner of Percy and Tyers Street in the heart of Portland's CBD, the Royal Hotel is a historic establishment that has been a cornerstone of the community since the 1800s. Portland itself is a thriving coastal town experiencing strong economic growth, offering an affordable and attractive destination for families and retirees alike.
Since 2021, the Royal Hotel has undergone extensive renovations, including the transformation of the previously unused drive-through bottle shop into a multi-level courtyard and an all-seasons function room. In recognition of its exceptional hospitality, the hotel was awarded the Glenelg Shire's Best Hospitality and Tourism Venue in 2022.
All three main bar areas - the front bar, bistro, and function room - have been fully renovated with new stainless-steel workstations, glass washers, ice makers, fridges, post-mix stations and beer taps. The kitchen has also been completely upgraded with state-of-the-art equipment, including two large combi ovens, a Blue Seal 8-burner cooktop, a char grill and a stainless-steel hot plate. Additionally, it features a new commercial dishwasher, walk-in fridge and freezers, ensuring a high-efficiency workspace.
The first floor features five accommodation rooms with shared bathrooms, one room with an ensuite, and a private one-bedroom manager's residence complete with an ensuite, dining area, lounge and kitchen. These spaces present additional revenue opportunities that the hotel has yet to capitalize on.
The owners have implemented clear processes and procedures, supported by a skilled management team, ensuring the venue operates efficiently with minimal oversight.
With extensive modern renovations, strong local support, and a well-established management team, this leasehold hotel is a turnkey, walk-in, walk-out opportunity. Featuring brand-new equipment and a solid annual income, it is ideal for an owner-operator or hotel group looking to capitalise on its success. This impressive venue won't be on the market for long-enquire today!
Property Overview
Price:
Leasehold $850,000
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