The Wheatsheaf Hotel$299,000
- Property type: business
- Land size: 2034 sq metres
- Listing type: For Sale
Hotel Opportunity Right In The Heart Of Town.
Roberts One Real Estate are thrilled to offer the lease hold interest of The Wheatsheaf Hotel.
The Wheatsheaf Hotel sits proudly in the main street of the strong regional town of Terang and gets plenty of passing traffic given it has a frontage to the Princes Highway. With a large amount of street parking directly out the front and the side, being on a corner block patrons have good access to the hotel.
This is a lovely old Hotel in Terang Victoria, it is packed full of old world charm and character being over 120 years old. Terang is a unique, friendly little town and very laid back. The "Wheatie" as it is affectionately known is well supported by it's loyal local clientele, holiday makers and tourists alike.
As there is limited competition in town, it will continue to be a popular venue with regulars and visitors.
The Wheatsheaf Hotel sits on a prominent & large corner block of over 2000 m2 in the heart of Terang which is located just 30km from the major regional city of Warrnambool.
This double storey rendered brick hotel boasts a bright comfortable public bar, a lounge bar and a very well patronised bistro, separate function area with its own bar facilities, large commercial kitchen, great north facing beer garden and the only drive through bottle shop in town.
The hotel operates under a 1am liquor license and has something to offer all clients. Modern paintwork, polished floorboards and rustic open fires make this an attractive venue for locals and travellers.
An added bonus is the dining room is licensed for up to 180 people.
Outside dining is available in the paved beer garden protected by mature trees. A drive through bottle shop, take away meals service and the large commercial kitchen are all winners. Operating 7 days a week this thriving country hotel ticks all the boxes.
The Hotel has recently undergone new accommodation renovations. Now with 10 separate rooms with shared bathrooms, kitchenette and lounge/TV room. Rooms can be booked separately or all 10 rooms can be booked. The option is there also for the new leasehold to reside on site.
* Multiple income streams
* Long Lease with good terms and excellent landlord
* Well established business with solid returns
* Plant & equipment in excellent condition
* Situated on a corner block in Terang's main street
* Motivated vendors ready to meet the market!
The Hotel enjoys rewarding returns and shows solid annual trade history and is a real contender for a savvy buyer.
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Tenancy with Roberts One
We would like to express our deepest gratitude for our experience with Nicole Wright throughout our tenancy with Roberts One.
From day one, Nicole has conducted herself with the utmost professionalism and efficiency, and has been an absolute delight to deal with. Throughout some difficulties in regards to completion of property maintenance, she has consistently demonstrated persistence and dedication to ensuring the process was as smooth as possible.
It is acknowledged that the landlord in question posed extreme difficulties regarding lack of willingness to fulfill obligations in relation to the quality of the house. In addition to waiting ten days for a new hot water service following the failure of the existing service, the property was laden with rubbish belonging to the landlord. The maintenance and upkeep provided by the landlord was utterly dismal, and without Nicole's tireless effort to go above and beyond, the experience would have been an absolute nightmare.
Her endless achievements are strongly appreciated and we have, without hesitation, recommended her services to a number of people thus far.
It is with great sadness that we move on to another agency (due solely to available housing at the time of our departure), however we wish Nicole all the best and thank your agency for all you have done.
Enthusiasm, energy and patience
Many thanks for the enthusiasm, energy and patience you brought to the tasks of selling our house - and that was just at the initial meeting.
The whole process was conceived and carried through to a successful completion with flair and consummate professionalism. For that we thank you and your wonderful team at Roberts One Real Estate. We also thank you all for being such a joy to deal with.
Good on you Roberts One Real Estate, you are our dream real estate agent!
19 Booval Drive Warrnambool
A brilliant result - Thanks so much for going above and beyond to make this happen. Actions speak louder that words!
- David Alger
Sold our house in only 4 days!
The guys at Roberts One have always looked after our real estate and done a great job, but Pete takes the cake for selling our house in only 4 days!!!