This iconic building is now for sale! Strategically located at the intersection of 3 major highways, Serpentine Hotel has been a landmark for travelers between Melbourne, Mildura and Echuca for over 50 years. It is the only pub and restaurant in a 20km radius, with many facilities within walking distance.
Boasting a large street frontage of 100m along two highways, the cement hotel and bar building seats up to 75 people and comes equipped with a brand-new kitchen (under installation), beer lines, a cool room, office room, toilets, back verandah, and an outdoor covered beer garden.
A 4-bedroom residence is also part of this amazing deal, with opportunity for finishing as preferred. It comes with 2 toilets, 1 bathroom with a tub and shower, large living room, and an outhouse with electricity and plumbing.
The hotel building alone is currently rented for $495pw (incl. GST), with 3% yearly increments, on a 3+5+5+5 basis. The residence and about 3,000 sqm of land is currently vacant, with additional potential returns of easily $300pw in current condition, or greater with proper finishings. A keen potential tenant is available to rent the back of the house, while the front of the house is suitable for short-stay accommodation like AirBnB, of which there are none north of Bridgewater (20km away) towards Mildura and Echuca, which are popular travel routes.
This incredible building will be going to auction on 25th November 2022. Contact Jordan Gardner at 0473 366 310 today!
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