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"ICONIC MACALISTER HOTEL FREEHOLD FOR SALE"

2 Johnson St, MAFFRA VIC, 3860

For Sale

Property for Sale in 2 Johnson St, MAFFRA VIC, 3860

Listing ID:
11262761
Status:
Active
For:
Sale
Price:
NEW PRICE $890,000
Last Updated:
16/11/2018
Icon building

Property Type

Other
Icon square

Land Area

2627 SQM
Icon size

Floor Area

2627 SQM
Icon parking

Parking

N/A

"ICONIC MACALISTER HOTEL FREEHOLD FOR SALE"

The current hotel was established in 1922 and is situated on 2627m2 in the Main Street of Maffra. The property entails the hotel with accommodation, a four bedroom residence plus a four car brick garage. The accommodation has six bedrooms, two bathrooms and a lounge for guests. The Bar area is substantial with plenty of room for patrons to enjoy the great surrounds. The Bistro is broken into two areas with enough seating for 120 patrons, also with the advantage of separating the dining areas for functions, meetings of those very special occasions. The four bedroom residence adjoins the main building with its own private backyard. Storage is abundant with a large four car garage plus a storage room off the Bar. At the rear is an outdoor undercover area ideal to take in the afternoon sun, also at the rear is plenty of off street parking. For the astute investor the return is 7.25% on the asking price of $960,000 with the current tenant into the second year of a five year lease with three options of five years with annual increase of 2.5%.

Property Code: 591

For more details, please email agent

Country Road Real Estate

136 Johnson Street, Maffra, VIC 3860


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