Leasehold $380,000 + SAV

65HL - Opportunity Knocks

  • An opportunity for the entrepreneur.
  • A stable trading history.
  • A progressive local community.

A unique piece of Western Victoria's pioneering history, first built in 1846, this double story Hotel has seen generations of thirsty patrons over the years.

The hotel in recent times has shown that hard work does pay. A busy bar and bistro cater a large number of patrons year in year out. 8 motel style ground floor units add to the business income.

Situated on a corner block adjacent to the Glenelg River. The town of Casterton is located centrally between the Great Ocean Road, Coonawarra and the Grampians National Park. Popular tourist destinations 7 days a week.

Located in the main street and within easy walking distance of all town facilities the location is ideally suited for the traveller.

A healthy 19 year lease is in place with sensible rent. A large 4 bedroom residence with plenty of room for the family or operate as a couple.

Net profit $100,000 estimated (provided by owner)

Contact Barry Bolwell and Annette Adams from Tourism Brokers for further information or to arrange an inspection.

Property ID: 65HL (quote when enquiring)

Location: Casterton is located within the Glenelg Shire, in the far southwestern region of Victoria. Casterton is an historic rural service town situated on the banks of the Glenelg River in a valley surrounded by rolling hills. Situated 352km west of Melbourne and 63kms west of Hamilton and 45mins to Mount Gambier just over the SA border.

The landscape around the town includes mixed farming, sheep, cattle, dairying as well as plantation forestry. Casterton is a service centre for retail trade, farming and forestry services, health, education, Government and community services that support the nearly 1,800 residents within the township but totalling 4,000 when considering the surrounding districts reliance on Casterton as their service base.

Casterton provides residents and visitors alike excellent opportunities through the hospital offering 24 hour accident and emergency, acute and aged care services supported by 6 local GP's. Two major banks operate with branches located in the CBD precinct together with excellent opportunities for shopping, dining and accommodation.

Property Type business

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Agent Details

Barry Bolwell photo

Barry Bolwell

0433 091 920
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Annette Adams photo

Annette Adams

0405 534 737
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