BEGIN:VCALENDAR PRODID:-//commercialrealestate.com.au//NONSGML ical.net 5.2.3//EN VERSION:2.0 BEGIN:VEVENT DESCRIPTION:PAYNESVILLE HOTEL FREEHOLD WATERFRONT HOLDING WITH SIGNIFICANT UPSIDE\n* Iconic Hotel circa 1880 with expansive vacant land in the Heart of Paynesville\n* Substantial landholding of 3\,699m² with approx 45m of blue chip waterfrontage\n* Impressive two-storey building: traditional ba r\, bistro\, dining & function rooms\n* Reasonable size kitchen with plent y of room to expand and modernise\n* Accommodation with 5 upstairs rooms e ach with ensuite\n* Former drive thru bottle shop now operating as fish an d chip business\n* Established income-producing freehold with multiple rev enue streams\n* Additional land - ideal to fill Paynesville's accommodatio n needs\n* Outstanding scope to renovate\, expand or further develop the p roperty STCA\n* Approx 3 years remaining on the current lease plus 5-year option available\n* Fantastic tenant willing to work new Landlord to furt her enhance the property\n\nPriority1 Property is pleased to present the f reehold of the iconic Paynesville Hotel\, an exceptional opportunity to se cure a substantial commercial holding in one of East Gippsland's most reco gnised waterfront locations.\n\nProminently positioned at 73- 75 Esplanade \, Paynesville\, directly opposite the Gippsland Lakes waterfront\, this h istoric hotel dates back to 1880 and occupies a significant site of approx imately 3\,699m².\n\nThe impressive two-storey hotel incorporates the tra ditional hotel operation\, bar and bistro areas together with five upstair s accommodation rooms\, all with ensuite facilities and access to a balcon y overlooking the water. The accommodation configuration includes queen\, single and family-style rooms\, providing an established platform for furt her accommodation income.\n\nAdding considerable versatility to the holdin g is a separate fish and chip shop in the old bottle shop\, providing an a dditional income stream. At the rear of the former bottle shop is a great parcel of vacant land\, ideal to fill Paynesville's growing accommodation needs or further extend the hotel (STCA).\n\nThe scale of the landholding is particularly compelling. With approximately 3\,699m² in the heart of P aynesville\, the property offers purchasers the opportunity to look beyond the existing hotel operation and consider a range of longer-term possibil ities. Expanded accommodation\, hospitality\, and tourism\, commercial or mixed-use concepts or maybe a massive function centre / resort style venue in the future - STCA. This location is simply perfect.\n\nThis is far mor e than the opportunity to acquire the bricks and mortar of an established country hotel. The combination of a major waterfront landholding\, multipl e existing improvements\, accommodation\, separate takeaway premises and u nderutilised areas provides genuine scope for an incoming purchaser to unl ock considerably greater value from the site.\n\nFor investors\, developer s or hospitality groups seeking a landmark regional asset with existing co mmercial use and substantial future upside\, the Paynesville Hotel represe nts a compelling and increasingly rare opportunity.\n\nCall Mark 0419 433 190 or Chris on 0429 333 927 to discuss this opportunity and arrange your inspection. DTEND:20271029T120000 DTSTAMP:20260928T053659Z DTSTART:20271029T120000 SEQUENCE:0 SUMMARY:Expression Of Interest: 73-75 Esplanade\, Paynesville VIC UID:CRE-2021188140-EOI X-ALT-DESC;FMTTYPE=text/html:

PAYNESVILLE HOTEL FREEHOLD WATERFRON T HOLDING WITH SIGNIFICANT UPSIDE
* Iconic Hotel circa 1880 with exp ansive vacant land in the Heart of Paynesville
* Substantial landhol ding of 3\,699m² with approx 45m of blue chip waterfrontage
* Impre ssive two-storey building: traditional bar\, bistro\, dining & function ro oms
* Reasonable size kitchen with plenty of room to expand and mode rnise
* Accommodation with 5 upstairs rooms each with ensuite
* Former drive thru bottle shop now operating as fish and chip business * Established income-producing freehold with multiple revenue streams
* Additional land - ideal to fill Paynesville's accommodation needs
* Outstanding scope to renovate\, expand or further develop the prop erty STCA
* Approx 3 years remaining on the current lease plus 5-ye ar option available
* Fantastic tenant willing to work new Landlord to further enhance the property

Priority1 Property is pleased to present the freehold of the iconic Paynesville Hotel\, an exceptional opportunity to secure a substantial commercial holding in one of East Gipp sland's most recognised waterfront locations.

Prominently pos itioned at 73- 75 Esplanade\, Paynesville\, directly opposite the Gippslan d Lakes waterfront\, this historic hotel dates back to 1880 and occupies a significant site of approximately 3\,699m².

The impressive two-storey hotel incorporates the traditional hotel operation\, bar and bi stro areas together with five upstairs accommodation rooms\, all with ensu ite facilities and access to a balcony overlooking the water. The accommod ation configuration includes queen\, single and family-style rooms\, provi ding an established platform for further accommodation income.

Adding considerable versatility to the holding is a separate fish and ch ip shop in the old bottle shop\, providing an additional income stream. At the rear of the former bottle shop is a great parcel of vacant land\, ide al to fill Paynesville's growing accommodation needs or further extend the hotel (STCA).

The scale of the landholding is particularly c ompelling. With approximately 3\,699m² in the heart of Paynesville\, the property offers purchasers the opportunity to look beyond the existing hot el operation and consider a range of longer-term possibilities. Expanded a ccommodation\, hospitality\, and tourism\, commercial or mixed-use concept s or maybe a massive function centre / resort style venue in the future - STCA. This location is simply perfect.

This is far more than the opportunity to acquire the bricks and mortar of an established country hotel. The combination of a major waterfront landholding\, multiple exist ing improvements\, accommodation\, separate takeaway premises and underuti lised areas provides genuine scope for an incoming purchaser to unlock con siderably greater value from the site.

For investors\, develo pers or hospitality groups seeking a landmark regional asset with existing commercial use and substantial future upside\, the Paynesville Hotel repr esents a compelling and increasingly rare opportunity.

Call M ark 0419 433 190 or Chris on 0429 333 927 to discuss this opportunity and arrange your inspection.

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