Accommodation & Tourism business for sale in Benalla
Accommodation & Tourism
1 Nunn Street Benalla VIC 3672
Leasehold $635,000
North Eastern Hotel, Benalla VIC - 1P0029
EXCLUSIVE TO MHB
Rich with history, this beautifully renovated and stylishly appointed leasehold venue is the complete modern hospitality offering!
The Hotel is packed with features including a spacious public bar, relaxing couch areas each with its own authentic fireplace, bistro, dining, large function and/or conference room facilities, lounge, beer garden with vergola-style protection from the weather, footpath trade (STCA) plus ample parking for patrons.
With multiple income streams across food, beverage and accommodation, "The Northo" has the capacity to be a venue of choice far beyond the realms of the traditional Australian pub.
Presenting:
* Excellent 60% (approx.) Buyers Yield * Outstanding Lease terms with rent at 4.9% of turnover * Multiple income streams * Beautiful modern hospitality venue * 2 stunning authentic fireplaces * Large function/conference room * Garden courtyard with vergola-style protection from the weather * 4 bedroom, 3 bathroom family residence * 4 motel accommodation units * Bustling regional city with very limited competition * Strong revenue growth and profits
Demonstrating year on year growth in revenue and profitability, this is a genuine offering to market showing excellent returns on investment.
Contact Dan McDonald for more information on this outstanding opportunity.