90 Albert Street

Creswick VIC 3363

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.