$595,000 + GST (if Applicable)

Bendigo Ballarat Real Estate are pleased to offer for sale, a landmark with over 150 years of history. This Freehold of the Serpentine Hotel (Business is not for sale) & 4 bedroom Residence offers an outstanding opportunity in regional Victoria with a large parcel of land that can be further developed (STCA).

There is a secure lease already in place providing immediate returns. Don't miss this outstanding opportunity that offers potential for additional business with greater returns for savvy investors.

LOCATION
• Only 50km from Bendigo, the hotel is a popular stop over for travellers between Melbourne, Mildura and Echuca
• Only pub and restaurant facility in a 20km radius, in a peaceful countryside location
• Strategic location at the intersection of 3 major highways with direct access from two major highways (Loddon Valley Highway and Echuca-Serpentine Highway)
• Walking distance from Loddon Shire council office, public reserves, post office, and petrol station
• Geographical center of Loddon Shire

HOTEL
• Cement Brick hotel and bar which seats up to 75 people, with a brand new kitchen, interior, split systems, fans, range hood, beer chiller, flooring and more
• Includes a cool room, beer lines, an office room, separate male and female toilets, covered back veranda, and an outdoor covered beer garden
• Large street frontage of 100m along two highways, with convenient and ample parking
• Landmark building in Serpentine, brightly lit up at night
• Currently rented for $510/week, on a 3+5+5+5 basis, with 3% yearly increments

HOUSE
• 4 bedrooms, 2 toilets, 1 bathroom with tub and shower, kitchen, large living room, and an outhouse with electricity and plumbing connected
• Private secure backyard with 2 sheds, 3 pet coops and a carport
• An opportunity for finishing as preferred by the buyer
• Potential returns of at least $400/week for private rental
• Front of the house suitable for short-stay accommodation (e.g. AirBnB), of which there are none north of Bridgewater (20km away) towards Mildura and Echuca, which are very popular travel routes. Or as a retail outlet capitalising on foot traffic from the hotel

LAND
• Additional about 3,000 sqm of land with Township zoning vacant, with 2 large gates facing Loddon Valley Highway


JD0204