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69 Main Road, Hepburn Springs, VIC, 3461
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1. Property Summary
Land Area
3,147 m² (*approx)
Floor Area
792 m² (*approx)
Sub-type
Pub/Bar/Nightclub
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2. Property Highlights
AUCTION - Mortgagee in Possession
Opportunity to Acquire a Historic Regional Landmark Plus Adjoining Vacant Allotment.
The ‘Savoia Hotel’ and 11 Sixth Street being the adjoining residential allotment are to be auctioned as mortgagee in possession. Both freeholds of the hotel and the vacant allotment are being sold on vacant possession.
The hotel has just undergone substantial renovations including an impressive 14-metre-long bar as its main feature plus upgraded dining, sports bar and commercial kitchen. Boasting a total internal area of 792m2 approx. including two self-contained two-bedroom residential units.
Situated to the east of the hotel is the vacant allotment known as 11 Sixth Street, Hepburn Springs. The vacant allotment has an area of 793m2 approx. that is ideal for future expansion of the hotel operation, accommodation or suit a new home site.
The ‘Savoia Hotel’ and 11 Sixth Street have a total combined land holding of 3147m2 approx.
Unrivalled opportunity to acquire fully renovated hospitality landmark in the region together with additional land holding for future development (STCA). 11 Sixth Street is to be offered to the successful bidder of the hotel at the vendor’s reserve price or in the event the successful purchaser does not wish to purchase the vacant allotment, it will be auctioned separately.
Hepburn Springs is located 95 kilometres north-west of Melbourne and 3 kilometres north of Daylesford. Hepburn Spring township is situated in the middle of the largest concentration of mineral springs in Australia.
The properties are being auctioned off site at on Thursday 27th July at 12pm at the Castran Head Office – Level 1, 145 Toorak Rd, South Yarra or online.
To register your interest or to request an Information Memorandum, together with the Contract/Section 32, please contact the agents listed below.
Disclaimer:
All information about the property has been provided to Castran TM Pty Ltd by third parties. Castran TM Pty Ltd has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.
Remember to mention you found this property on CommercialReady
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Investment Potential
1. Property Summary
Sub-type
Pub/Bar/Nightclub
Land Area
3,147 m² (*approx)
Floor Area
792 m² (*approx)
2. Property Highlights
AUCTION - Mortgagee in Possession
Opportunity to Acquire a Historic Regional Landmark Plus Adjoining Vacant Allotment.
The ‘Savoia Hotel’ and 11 Sixth Street being the adjoining residential allotment are to be auctioned as mortgagee in possession. Both freeholds of the hotel and the vacant allotment are being sold on vacant possession.
The hotel has just undergone substantial renovations including an impressive 14-metre-long bar as its main feature plus upgraded dining, sports bar and commercial kitchen. Boasting a total internal area of 792m2 approx. including two self-contained two-bedroom residential units.
Situated to the east of the hotel is the vacant allotment known as 11 Sixth Street, Hepburn Springs. The vacant allotment has an area of 793m2 approx. that is ideal for future expansion of the hotel operation, accommodation or suit a new home site.
The ‘Savoia Hotel’ and 11 Sixth Street have a total combined land holding of 3147m2 approx.
Unrivalled opportunity to acquire fully renovated hospitality landmark in the region together with additional land holding for future development (STCA). 11 Sixth Street is to be offered to the successful bidder of the hotel at the vendor’s reserve price or in the event the successful purchaser does not wish to purchase the vacant allotment, it will be auctioned separately.
Hepburn Springs is located 95 kilometres north-west of Melbourne and 3 kilometres north of Daylesford. Hepburn Spring township is situated in the middle of the largest concentration of mineral springs in Australia.
The properties are being auctioned off site at on Thursday 27th July at 12pm at the Castran Head Office – Level 1, 145 Toorak Rd, South Yarra or online.
To register your interest or to request an Information Memorandum, together with the Contract/Section 32, please contact the agents listed below.
Disclaimer:
All information about the property has been provided to Castran TM Pty Ltd by third parties. Castran TM Pty Ltd has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.
Remember to mention you found this property on CommercialReady
Read More
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