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Accommodation & Tourism business for sale in Tongala

  • Accommodation & Tourism
  • 70 Mangan Street Tongala VIC 3621
  • Leasehold $150,000

Tongala Hotel Motel - 1P3835H

VIC Hotel Motel For Sale

Priced to sell. Motivated Vendors!

Charming and historic Hotel, established in 1887 with the original weatherboard Hotel replaced with brick in 1913. The Hotel is the hub of the local community and has been used as a meeting place since the late 1890's.

Located prominently on a large corner allotment on approx. 2,884m2 of land.

Featuring a public bar, TAB, bistro with takeaway meals and pizza`s, central kitchen, drive thru bottle shop, 9 separate Motel units and a large 4 bedroom manager's residence.

The current owners have established a strong business, with great reviews for food and service from the clientele.

* Excellent corner location
* Well patronised by locals within the community
* Located in a prosperous agricultural region
* Only Hotel in town
* TAB facilities
* Strong turnover with good trade
* Excellent 64% Buyers Yield
* Good Lease terms
* Multiple income streams

This is a fantastic opportunity to grow this business further within a strong community.

Contact Ian McDonald at CRE Brokers to arrange an inspection today.

Business Highlights

Business ID2013959048
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Category
Last updated  18 Feb 2019
Map for 70 Mangan Street Tongala VIC 362170 Mangan Street Tongala VIC 3621
CRE Brokers
U4/10 Lakewood Boulevard Carrum Downs VIC 3201

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