16-18 Byrne StreetMoyhu VIC 3732
Property Details for 16-18 Byrne St, Moyhu
Last Listing description (September 2023)
EXCLUSIVE TO MHB
King Valley Wine Region Boutique Freehold Hotel.
Ideal room to move for the Brewery / Distillery market.
Presented for freehold sale, this is the perfect opportunity to acquire an established and profitable modern hotel offering situated amongst the popular King Valley wine region and Prosecco Road gourmet food trail.
Featuring a public bar, spacious dining area with capacity for 65 patrons, large fully equipped commercial kitchen, separate games/ casual function space that can be used for smaller gatherings, lounge, footpath trade, large outdoor function space (up to 500 capacity) with stage and bar, superb undercover outdoor space, relaxing outdoor beer garden, ample parking, plus 7 hotel accommodation rooms (could also be utilized as residence space).
Significant residential development locally highlights further business development, already consistently trending growth even across the Covid affected trading period through 2021 and 2022.
Currently not trading to capacity (currently only trading 5 days a week), there is huge potential for revenue growth across function, event and annual festival initiatives within the hotel.
Genuine potential exists for further development across the under-utilized former bank and morgue buildings inclusive of the property. An ideal opportunity for an on-premises brewery and or distilleries. The bank building with street frontage could readily be sub-leased also.
Key Features:
* Established and profitable business model with much upside
* Multiple income streams across bar, dining, functions and accommodation
* Enviable location amongst King Valley Wine & Milawa Gourmet Food Trail
* 7 x Hotel accommodation rooms
* Located within a very popular tourism region
* Excellent plant & equipment
* Well supported by locals, visitors and holiday makers
* Situated upon approx. 2,249m2 of (TZ) Township Zoned land
Well-appointed and presented, the Moyhu Hotel is the complete modern hospitality operation.
Contact Dan McDonald at MHB direct on 0437 838 368 to book an inspection of this terrific property.
Property History for 16-18 Byrne St, Moyhu, VIC 3732
- 15 Feb 2023Listed for Sale Freehold Going Concern - $1,495,000
- 04 Dec 2017Transferred
- 16 Sep 2015Sold for $500,000
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About Moyhu 3732
The size of Moyhu is approximately 97.3 square kilometres. The population of Moyhu in 2011 was 432 people. By 2016 the population was 467 showing a population growth of 8.1% in the area during that time. The predominant age group in Moyhu is 60-69 years. Households in Moyhu are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Moyhu work in a managers occupation. In 2011, 79% of the homes in Moyhu were owner-occupied compared with 81% in 2016..
Moyhu has 273 properties. Over the last 5 years, Houses in Moyhu have seen a -4.76% decrease in median value. As at 31 October 2024:
- The median value for Houses in Moyhu is $515,376 while the median value for Units is $529,581.
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