Share this property

realcommercial.com.au
RWC -  Ballarat

90 Albert Street Creswick, VIC 3363

Directions

90 Albert Street,
Creswick, VIC 3363

Hotel, Motel & Leisure

Price information

Sale

$2,500,000

Key property information

Land area

Floor area

Car spaces

Parking info

Tenure type

Private inspections

to arrange a private inspection.

Map of 90 Albert Street

Directions
  • Train stations within 5 km of 90 Albert Street, Creswick, VIC 3363Distance
    Creswick Station548 m
    POWERED BY HERE ©
  • Bus stops within 5 km of 90 Albert Street, Creswick, VIC 3363Distance
    Raglan StAlbert St47 m
    Hall St/Albert St (Creswick)159 m
    Creswick Bowling Club/Albert St (Creswick)366 m
    Drummond St/Victoria St (Creswick)388 m
    Napier St/Albert St (Creswick)473 m
    POWERED BY HERE ©
POWERED BY HERE ©

Well Situated & Highly Successful Freehold Going Concern - Two Purchase Options

Established in 1854 the American hotel has been an integral part of Creswick for over 170 years and enjoys strong local and passing patronage. Situated on a 1426M2 allotment, the building has been fully restored and meticulously maintained by the current owners and is ready for its next phase. The freehold is being offered for sale with or without the adjoining property at 88 Albert Street, potentially adding 670M2 to the existing land area creating a complimentary development opportunity (microbrewery, boutique accommodation gin distillery etc ) to what would become 2096M2 site in the heart of Creswick The substantial solid brick freehold offers multiple income streams, accommodating three bars, cafe, bistro, two function rooms, five accommodation rooms and multiple alfresco areas. A well patronised and stylish bistro seats up to 60 diners with the high capacity commercial kitchen offering appointments that would please the fussiest chef such as combi ovens, Hobart dishwasher etc. Superbly appointed for conferences and banquets the Lindsay room on the upper level can cater for as many as 100 guests and offers a private bar and landing with the lower level "Green" room offering formal private dining for up to 30 guests. The hotel has five well appointed accommodation rooms (one double & five singles) and two shared bathrooms. The new owner will enjoy substantially reduced energy costs, with a newly installed 50 panel back to grid solar system on the hotel's new colourbond roof. The property features its original stables, former gold store and guard house, both of which offer potential for B & B conversion and an abundance of off street parking via Exchange Lane at the rear of the Hotel. Located in an ever growing and popular tourist destination between Ballarat and Daylesford, call today to learn about this highly successful hotel.

Additional information

Property ID: 504582312Last Updated: 3 May 2024

RWC - Ballarat

22 Peel Street North
BALLARAT CENTRAL, VIC 3350
0428 621 0...
RWC -  Ballarat
90 Albert Street
Creswick, VIC 3363
RWC - Ballarat
22 Peel Street North
BALLARAT CENTRAL, VIC 3350
progress tick

Sending email...

Make an enquiry

What's your enquiry about?

Message

Enter your details

Name (required)
Email address (required)
Phone number
Comment

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.