This is an outstanding opportunity to secure a 9% return on this charming regional hotel.
The Wheatsheaf Hotel sits on a large corner block of over 2000 m2 in the heart of Terang which is located just 30km from the major regional city of Warrnambool.
This double storey rendered brick hotel boasts a comfortable public bar, very well patronised bistro, separate function area with its own bar facilities, large commercial kitchen, great north facing beer garden and the only drive through bottle shop in town.
Upstairs comprises a 3 bedroom owner’s residence with bathroom and new kitchen. There has been a large amount of structural work completed upstairs in order to bring back the 9 accommodation rooms for rentable use.
Secure tenant in place at market rent of $85,600 + GST.
The potential for the Wheatsheaf is endless and an inspection of this property will not disappoint!