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This large two storey Hotel is set on one title with a land area of approximately 4007.20 m2 and zoned Commercial 1. Perfectly positioned on the main street in town with great local support and consistent travellers between Melbourne and Adelaide.
The Hotel features a large dining area with separate function room, public bar with TAB, drive through bottle shop, 19 accommodation rooms and a ground floor 2 bedroom managers residence. Additionally there is a separate 12 room motel at the rear.
The Albion Hotel Motel Casterton is tenanted with a long term secure lease and fixed rental increases over the first 5 years makes this a great opportunity for an investor to take advantage on an 8.2% ROI.
Inclusive in the price is a second Freehold Investment shop with main street frontage, 2 bedroom rear residence and a land area of 298.90 sqm and zoned Commercial 1.
Please enquire today as this opportunity won't last.