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Accommodation & Tourism business for sale in Benalla

  • Accommodation & Tourism
  • 1 Nunn Street Benalla VIC 3672
  • Leasehold $495,000

North Eastern Hotel, Benalla VIC - 1P0029

ESCAPE FROM THE CITY!

Rich in History, this beautifully renovated and stylishly appointed country leasehold venue is the absolute complete modern hospitality offering!

Packed with features, the Hotel includes 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.

Key features:

* Excellent Buyers Yield of approx. 77.5%
* Turnover in excess of $1.74M across 2020/2021
* Outstanding Lease terms with rent at 5% (approx.) 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.

* VENDOR TERMS considered for a suitably experienced operator.

Contact Dan McDonald for more information on this outstanding opportunity.

Business Highlights

Business ID2016817958
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Category
Last updated  21 Jun 2022
Map for 1 Nunn Street Benalla VIC 3672
Map for 1 Nunn Street Benalla VIC 36721 Nunn Street Benalla VIC 3672

Business Highlights

Business ID2016817958
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  21 Jun 2022
McDonald Hospitality Brokers (MHB)
466 Swift Street Albury NSW 2640
Dan McDonald
McDonald Hospitality Brokers (MHB)
Dan McDonald
McDonald Hospitality Brokers (MHB)
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