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43 Main Street
Foster VIC 3960
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Sold on 13 Nov 2023

43 Main Street Foster VIC 3960

  • Hotel, Motel, Pub & Leisure
  • 1,700 m²
  • Sold, $2,600,000

FOSTERS HISTORIC EXCHANGE HOTEL

    Established in 1871, and rebuilt in 1907 is this historic country hotel in the centre of Foster's township.
    A growing regional town located in South Gippsland 173 kms from Melbourne on the doorstep of Wilsons Promontory National Park and the pristine beaches of Waratah Bay, Sandy Point and Walkerville and the Corner Inlet Marine & Coastal Park.
    The only hotel in town, servicing the local community with significantly increased patronage on weekends for day trippers/weekend getaways and during the peak tourist season from November to April each year.
    A real country pub with full service including Bar, Lounge, Bistro, Bottle Shop, TAB & Keno.
    Licenced from 7am until 1am for 300 patrons, indoor and outdoor meal seating for up to 180.
    Double sided bar servicing the Bistro and Bar, ground level cool room & keg system right next to the bar.
    2 fireplaces, split system heating and cooling, new solar system reducing the power bills significantly.
    New POS system and new security system with CCTV monitoring.
    Brand new outdoor area including 4 all weather booths adding an additional 40 spaces for meals.
    A full service kitchen, dry store, cool room, a separate pizza room. Kitchen is currently operated with in house staff and has been doing up to 270 meals in a sitting during summer.
    1 bedroom managers residence on site, a 4 car garage and 8 additional staff car parks.
    Offered as either a Freehold or Leasehold opportunity WIWO, depending on your needs.
    Purchase a comfortable lifestyle with trading on the increase over the last few years.
    Opportunities to add additional value with new ideas and extra floor space which not currently producing income.
    Call us for a confidential discussion.
    Inspections strictly by appointment.

    Property Highlights

    Date Sold13 Nov 2023
    Sold Price$2,600,000
    Floor Area1,700 m²
    Land Area2,195 m²
    ParkingAsk Agent
    Property ID2018057259
    Category
    Last updated  14 Nov 2023
    Map for 43 Main Street Foster VIC 3960

    Property Highlights

    Date Sold13 Nov 2023
    Sold Price$2,600,000
    Floor Area1,700 m²
    Land Area2,195 m²
    ParkingAsk Agent
    Property ID2018057259
    Category
    Last updated  14 Nov 2023

    Co-Agents

    Justin Wightman
    Paragreen Real Estate
    Call
    0427000971
    Jade Storr
    Paragreen Real Estate
    Call
    0408 513 261

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