Pubs are one of the hottest tickets of commercial real estate at the moment, with bidding wars leading them to go for tens of millions.
Yet there are still some bargains out there for less that $500,000 – though they may require a move away from the big smoke.
For sale for $135,000, the Railway Hotel in Boort, Victoria, could be the country’s cheapest pub. But it’s not just a pub – it also has a drive-through bottle shop. Boort is located next to Lake Boort, an hour’s drive from Echuca. The pub dates back to 1914 and the listing describes it as ‘a great first pub’.
The Doodle Cooma Arms Hotel, Henty, NSW. Photo: Supplied
With a population of about 1100 Henty is a one-pub town. Asking for offers of more than $300,000, the Doodle Cooma Arms Hotel is one of NSW’s cheapest pubs for sale. The town’s watering hole has 12 rooms and an upstairs verandah, as well as a beer garden where plenty of yarns have been spun over the years.
Clancy’s Overflow Hotel, in Isisford, Qld. Photo: Supplied
At $250,000 this pub can’t be described as anything other than a bargain. Clancy’s Overflow Hotel is on the main street of Isisford, Queensland. It has 10 rooms and a beer garden that backs onto the Barcoo River, so drinkers can enjoy a XXXX Gold with a waterfront position.
The Wakefield Hotel, in Adelaide. Photo: Supplied
It turns out cheap pubs still exist in the city too, with the Wakefield Hotel in Adelaide for sale for $260,000. The pub was completely refurbished last year and has seven function rooms which bring in extra revenue. You may not need to move out to the country after all.
The Imperial Hotel, in Portland, NSW. Photo: Supplied
The Imperial Hotel in Portland, NSW, is on the market for $500,000, still much less than the median house price in Sydney, which is more than $1 million. Signage out the front advertises ‘great country meals’ from the bistro. Upstairs are a variety of spacious rooms and suites.
The Lachlan Hotel, Ouse, Tasmania. Photo: Supplied
Built in 1898, The Lachlan Hotel in Ouse, Tasmania, is on the market for $449,000. As well as a bar and restaurant the hotel has a cafe area at the front that’s full of country hospitality. Also noteworthy is the Tasmania-themed mural on the front of the hotel.