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Railway Hotel Newstead

Newstead
$460,000 For Sale
House
  • 2 Bedrooms
  • 2 Bathrooms

Description

The Railway Hotel, Newstead is located in the heart of Central Victoria, midway between Castlemaine and Maryborough and a short drive to Maldon, Daylesford and Bendigo. Well situated on the busy Creswick- Newstead Road the business is well supported by locals and visitors to the regions attractions.

The hotel has a great bar trade plus dining room currently serving in house and take away pizza. There is a cosy lounge and beer garden with regular local entertainment.
There is also a small two bedroom residence attached and additional outbuildings.

The property encompasses approximately half an acre of land providing plenty of scope for enhancement or further development for additional income (STCA).
Total land 2000m2. Hotel lease covers approximately 1100m2

Currently operating 6 days a week with steady trade there is a secure lease until April 2019 with a rental of $22,200 per annum( includes GST ), with the option for a further 5 x 3 year terms.