Hotel/Leisure for Sale

2-10 Henty Street Casterton, VIC 3311

$80,000 + SAV
  • Building: 784m²

Inspections are available by appointment only. Contact the agent to request an inspection.

Enquire with Agent
Hotel/Leisure for Sale in Casterton

Glenelg Inn

  • Building: 784m²

Originally established in 1846, this is one of Western Victoria's grand old iconic hotels.
Well established reputable business in prime location, situated on the main corner as you enter the township after crossing the beautiful Glenelg River. Casterton is situated between the Grampians, Great Ocean road, Coonawarra regions and approximately 4.5 hours to Melbourne or Adelaide.
Boasting numerous income streams with the bar, very popular bistro, walk in bottle shop, private function rooms, 8 ground floor refurbished motel units, plus your own 4 bedroom private family residence above the hotel. The hotel is also situated on a large parcel of land, so potential for further growth. Adding to the income stream is a current three year contract for the booking management of the local caravan park.
The business has always been well maintained with premises and equipment in great condition. Showing consistent returns as it is well supported and loved by the local community and passing tourists.
Lease option until 2032 (15 year lease) or option to purchase brand new 20 year lease from date of purchase subject to conditions.
Fantastic business opportunity and lifestyle choice! Lease hold $80,000 + SAV with possibility of freehold.
Please phone Sarah from Ray White Casterton for further enquiries or to make an appointment for an inspection.

Building:

784m²

Due diligence checklist for home and residential property buyers

Contact

Agents

  • Loading...
Loading...