Union Hotel, 54 Kiewa East Road,
Tangambalanga, VIC 3691
Hotel, Motel & Leisure
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Map of Union Hotel, 54 Kiewa East Road
PASSIVE INVESTMENT HOTEL OFFERED FOR SALE "SUBJECT TO LEASE"
- Vibrant village situated on the river
- Only hotel in town
- Secure lease in place
AUCTION 2PM SATURDAY 26TH NOVEMBER 2022 (IF NOT SOLD PRIOR)
Welcome to Tangambalanga, a vibrant village situated on the river in the beautiful Kiewa Valley and only 20 minutes from Albury/Wodonga. The area is fast developing residentially towards the northeast of the town centre. There is a primary school and the local economy is supported by the Murray Goulburn Milk facility.
The Union Hotel is the only pub in town and enjoys a strong following from locals, an active sporting community, tourists and transit travellers alike. The present tenants are great operators and highly regarded in the town having over two generations of hospitality experience. Presently the "NET" rental is $51,158.76 as the operators are responsible for all outgoings and the secure lease in place expires on 31 May 2024 with two further option terms of 6 years.
The original building was extended at the front around the 1950's with Public Bar, Dining Room and the new facade constructed.
Inspection strictly by arrangement. Information available to genuine parties will be:-
Section 32 Certificate
Auction Contract including a copy of the lease and list of equipment owned by the landlord
Details of rental payment record
Current building inspection report
AUCTION 2PM SATURDAY 26TH NOVEMBER 2022 (IF NOT SOLD PRIOR)
Tangambalanga Community Centre
27 Kiewa East Road
Tangambalanga
Welcome to Tangambalanga, a vibrant village situated on the river in the beautiful Kiewa Valley and only 20 minutes from Albury/Wodonga. The area is fast developing residentially towards the northeast of the town centre. There is a primary school and the local economy is supported by the Murray Goulburn Milk facility.
The Union Hotel is the only pub in town and enjoys a strong following from locals, an active sporting community, tourists and transit travellers alike. The present tenants are great operators and highly regarded in the town having over two generations of hospitality experience. Presently the "NET" rental is $51,158.76 as the operators are responsible for all outgoings and the secure lease in place expires on 31 May 2024 with two further option terms of 6 years.
The original building was extended at the front around the 1950's with Public Bar, Dining Room and the new facade constructed.
Inspection strictly by arrangement. Information available to genuine parties will be:-
Section 32 Certificate
Auction Contract including a copy of the lease and list of equipment owned by the landlord
Details of rental payment record
Current building inspection report
AUCTION 2PM SATURDAY 26TH NOVEMBER 2022 (IF NOT SOLD PRIOR)
Tangambalanga Community Centre
27 Kiewa East Road
Tangambalanga
Property ID: 504188087Last Updated: 24 Jan 2023
04286904...
Union Hotel, 54 Kiewa East Road
Tangambalanga, VIC 3691
Doug MaySuite 4, 539 Kiewa St
ALBURY, NSW 2640
ALBURY, NSW 2640
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