36 Punt Road

Cobram VIC 3644

A genuine opportunity to enter the tightly held passive investment market at a rare and affordable entry level.
Classic country Hotel set upon a 2,8350 sqm multi egress corner allotment.
Strongly performing tenancy in place with turnover in excess of $800,000 annually with rent at an affordable 6.5% of turnover.
The Hotel feature features a public bar, bistro, drive- thru bottle-shop, function room, lounge, beer garden, accommodation with 13 Hotel style rooms, ample parking and upstairs owner / manager residence (use of hotel rooms).
Outstanding return on investment of 8%.
* Freehold Passive Investment property first time to the market in 50 years
* Prime central location in busy country Victorian town
* Large land allotment of 2,830m2
* 13 x updated pub style hotel rooms, currently idle, set to increase revenue
streams and grow the business
* Renovated and refurbished bistro / beer garden areas
* Updated plant & equipment across the operation
* Endless opportunity to expand upon this central location in Cobram
* Historically significant federation construction
* Excellent tenant
* Motivated vendors ready to meet the market!
A significant central land holding in the centre of Cobram further enhancing this opportunity for the savvy investor with vision.
Contact Dan McDonald at CRE Brokers to arrange an inspection of this remarkable property.