929 Princes Highway, Nicholson, VIC 3882 | Commercial for sale | OnTheHouse
 
FOR SALE
$280,000 + SAV

929 Princes Highway
Nicholson VIC 3882

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HIGH-EXPOSURE HOTEL BUSINESS IN THE HEART OF EAST GIPPSLAND

Set in a picturesque riverfront location on the busy Princes Highway, servicing both the local community and passing trade, the Nicholson Hotel presents a rare opportunity to acquire an established regional hotel business with multiple income streams and strong operational foundations. With the added benefit of a 20-year lease structure comprising four terms of five years.
This well-known hospitality venue offers the ideal mix of bar, dining, takeaway liquor and accommodation, creating a diverse business model with broad customer appeal. The operation includes a substantial main bar, generous bistro/dining area, bottle shop, commercial kitchen and supporting service areas, all designed to accommodate a range of trading formats and customer experiences.
A key feature of the business is the inclusion of guest accommodation, with nine motel-style rooms providing valuable supplementary income and enhancing the hotel's appeal to travellers, workers and regional visitors. In addition, the property includes a residential living component, suitable for owner-manager or staff use, which further strengthens the practicality of the operation.
The hotel benefits from its prominent highway exposure, established presence within the East Gippsland region, and flexible trading profile. With bar sales, food service, accommodation and bottle shop revenue all under one business, the Nicholson Hotel offers genuine upside for an experienced operator seeking to grow an already recognised venue.
This is an excellent opportunity for a publican, hospitality operator or business owner to take control of a regional hotel business with scale, diversity and future potential.
Key Highlights
- Business sale on a picturesque riverfront
- Prominent Princes Highway location
- Established regional hotel business
- Multiple income streams including bar, bistro, bottle shop and accommodation
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Property Details for 929 Princes Hwy, Nicholson

Building Type
Commercial
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About Nicholson 3882

The size of Nicholson is approximately 70.0 square kilometres. The population of Nicholson in 2016 was 1095 people. By 2021 the population was 1322 showing a population growth of 20.7% in the area during that time. The predominant age group in Nicholson is 60-69 years. Households in Nicholson are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nicholson work in a trades occupation.In 2021, 89.50% of the homes in Nicholson were owner-occupied compared with 85.90% in 2016.

Nicholson has 889 properties. Over the last 5 years, Houses in Nicholson have seen a 8.30% increase in median value. As at 31 July 2026:

  • The median value for Houses in Nicholson is $775,033 while the median value for Units is $418,390.
There are currently 40 properties listed for sale, and 1 property listed for rent in Nicholson on OnTheHouse. According to Cotality's data, 43 properties were sold in the past 12 months in Nicholson.

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Alison Radford
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KING & HEATH FIRST NATIONAL - Bairnsdale
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