Commercial Auctions

2 Real Estate Properties Found.

23-25 Belmore Street, Yarrawonga VIC

CENTRAL YARRAWONGA COMMERCIAL OPPORTUNITY

Located in the tightly held main street of Yarrawonga, at the Lake Mulwala end of Belmore Street, 23-25 Belmore St is a multi-faceted income stream and commercial opportunity beckoning for the astute investor. Comprising of four separate commercial tenancies covering retail, professional services, and food/hospitality, as well as two self-contained apartments currently leased through Airbnb and booking.com as short-stay accommodation, this is a solid investment opportunity with room to grow. The Commercial leases return an approximate combined income of $87,589.84 per annum, while the "Apartments on Belmore" averaged $102,500 per annum across the 21/22 & 22/23 financial years. The updated commercial buildings are in very good condition, occupied by strong tenancies with Elders Insurance, Abode Living, and Ali Baba Kebabs, all enjoying this main street location. Housemade Food & Coffee is accessed via the main street entrance alley to the bespoke rear courtyard, servicing those looking for a bite on the run or those ready to enjoy the quiet garden setting. While the commercial tenancies are effectively "set and forget", the Apartments on Belmore provide flexibility with the potential to increase occupancy through further marketing. Their proximity to the hub of Yarrawonga, providing secure onsite parking with an additional and easily accessible public car park, all while being a short 200m stroll to the Lake Mulwala foreshore, will ensure that these apartments are always high on the wish list of holidaymakers. Maybe you've thought of retiring to the area and can live in one of the apartments, with your income assured via the balance of the portfolio. The possibilities are endless.

Auction Time: Fri 5 Apr, 11:00am

10 Camp Street, Beechworth VIC

Empire Hotel - Exceptional Freehold Opportunity in the Heart of Beechworth's Tourism Hub

An outstanding opportunity awaits to acquire a landmark Beechworth property - The Empire Hotel. This remarkable freehold establishment is situated in one of Victoria's most vibrant tourism destinations. The Empire Hotel stands as a modern, top-tier hotel and culinary destination, and is strategically positioned in the heart of Beechworth on the corner of Camp and High Streets. Following a high-quality refurbishment, the Empire Hotel offers a comprehensive range of services including bar, dining, functions, and accommodation and is licenced for 341 patrons. The ground floor is expansive and licenced for 186 patrons. The public bar area is well appointed including a long bar and features a granite stone open fireplace whilst there is a curbside allowance for 16 seated patrons. The keg room is modern and is fully owned and unencumbered by existing brewery contracts. The restaurant is well-recognised as a gourmet destination. The commercial kitchen is first rate and comprises food preparation, dishwashing and cooking areas, along with deep fryer, grill, gas cooktop, two commercial combi ovens, commercial rangehood and cool and dry store rooms. Upstairs is licenced for 55 patrons (internal) and accommodation provides six individual guests rooms, male and female bathroom amenities, breakfast and sitting rooms, plus the manager's two bedroom private accommodation. Additionally, there is a scullery and of course, the grand wrap-around veranda overlooking the town licenced for 97 patrons (external). Did we mention the substantial second walk-in cellar? A complete inventory of the high-quality fixtures, furnishings and equipment is available upon request. Beechworth is a consistent recipient of recognised tourism awards and includes popular attractions such as the Murray to Mountains Rail Trail, Old Beechworth Gaol, Lake Sambel and Lake Sambel Caravan Park, The Burke Museum, Woolshed Falls, Beechworth Honey, Beechworth Bakery, Billson's and Bridge Road Brewery…just to name a few. Versatile options for the sale of the property including vacant possession, WIWO or the possibility of a going concern. Auction on-site April 5th, 2024, if not sold prior.

Auction Time: Fri 5 Apr, 2:00pm