18 Wychunga StreetLascelles VIC 3487
Property Details for 18 Wychunga St, Lascelles
Last Listing description (November 2023)
EXCLUSIVE TO MHB
Priced To Sell - VIC Freehold Hotel / Motel / Bottle-Shop / Post Office.
Prepare to embark on an opportunity that is simply too good to miss!
A perfect opportunity exists here for the budget conscious hospitality operator.
This special freehold going concern property encompasses a large, 2 storey historic brick building across a huge land parcel of approx. 2,906m2 across 4 x titles.
Featuring a spacious open public bar, bistro, dining, beer garden, small kiosk, an attached drive-thru liquor sales outlet plus an Australia Post shop.
As an added bonus, there are also 13 air-conditioned accommodation rooms. A real bonus in today`s market.
Can it get any better?
The Lascelles Minapre Hotel is impressive in its structure situated prominently on a major street thoroughfare in the heart of town.
To experience the property, it is a must to view. Walk around and absorb the surroundings. With established gardens and great indoor and outdoor flow, this fabulous property offers outstanding opportunities for both the owner occupier and investor alike.
* Option for Investor's to buy the FHGC and sell the Business only.
This Hotel is the hub of the Lascelles community and well supported by locals and farmers.
Lascelles is a quaint township within a wheatlands settlement with the impressive Silo art works as its solitary attraction in the Wimmera Mallee area of Victoria.
Key Features:
* Multiple income streams
* Buyers will be drawn to the uniqueness this hotel offers, with no nearby
competition
* Australia Post Shop generating additional income of approx. $50,228 per year
* 13 x air-conditioned hotel accommodation rooms
* No post shop or another hotel / drive-thru in nearby vicinities
* The only getaway for all residents is the Lascelles Hotel which is a major
trump card for this hotel
* Situated upon approx. 2,906m2 of Township Zoned land across 4 x titles
A reluctant sale due to vendor ill health, the potential to value add is endless.
*All inspections by appointment only.
Contact Kamal Sharma at MHB direct on 0417 008 672 for more information.
Property History for 18 Wychunga St, Lascelles, VIC 3487
- 15 Nov 2023Listed for Sale Freehold Going Concern - $550,000 + SAV
- 14 Feb 2022Sold for $399,000
- 01 Jul 2006Sold for $152,000
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About Lascelles 3487
The size of Lascelles is approximately 317.6 square kilometres. It has 1 park. The population of Lascelles in 2011 was 432 people. By 2016 the population was 98 showing a population decline of 77.3% in the area during that time. The predominant age group in Lascelles is 0-9 years. Households in Lascelles are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Lascelles work in a managers occupation. In 2011, 81.9% of the homes in Lascelles were owner-occupied compared with 65.6% in 2016..
Lascelles has 147 properties. Over the last 5 years, Houses in Lascelles have seen a 122.28% increase in median value. As at 31 October 2024:
- The median value for Houses in Lascelles is $179,294.
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