Property Details for 655 Princes Way, Drouin West
Last Listing description (February 2025)
Robinhood Circa 1870: Step Back in Time in Drouin West
Property Overview:
Investment Opportunity: Robinhood Circa 1870 (Robinhood Pub), Drouin West, Victoria
Presenting a unique opportunity to own a piece of Drouin's rich history, Robinhood Circa 1870 (formerly Robinhood Pub) offers a compelling investment with both historical charm and modern functionality. Fully leased and generating strong financial returns, this iconic property is an ideal choice for discerning investors seeking a reliable and high-performing asset.
Key Features:
Premium Freehold Investment: This exceptional property offers a high-income tenant and secure long-term lease, providing an attractive, stable return.
Leased Investment: With an annual income of $148,850 plus GST, this property delivers a dependable cash flow. The lease includes a 3% annual rent increase, ensuring steady growth in rental income year after year.
Bistro Bar: At the heart of the property, the Bistro Bar combines a welcoming atmosphere with a fusion of classic and contemporary cuisine. Offering a curated selection of fine beverages, it has become a favorite for both locals and visitors.
Function Room: A versatile and sophisticated space suitable for a variety of eventsfrom corporate meetings to private celebrations. Modern facilities and stylish design make this a popular venue for both business and social gatherings.
Caf: The on-site caf offers freshly brewed coffee, light meals, and pastries in a relaxed, inviting setting. It serves as a cozy retreat for locals and visitors alike, enhancing the overall appeal of the property.
Accommodation: The property includes ten well-appointed motel rooms, blending historical charm with modern amenities. These rooms cater to both short-term and long-term stays, providing comfort and convenience for all guests.
Investment Highlights:
Annual Lease Income: $148,850 plus GST
Rent Increment: Guaranteed 3% annual increase
Property Type: Freehold commercial investment combining hospitality and accommodation, creating multiple revenue streams
Prime Location: Located in the scenic Drouin West, the property benefits from easy access to transport links and local attractions, ensuring a steady flow of patrons and strong business performance.
Contact Information:
For more details or to explore this exceptional investment opportunity, please contact:
Dev Sandhu
Mobile: 0430 390 511
Email: Dev@lifestyleacreage.com.au
Dont miss the opportunity to invest in a property with a rich history, a strong financial performance, and significant growth potential. Robinhood Circa 1870 is waiting for you.
Disclaimer:
Lifestyle & Acreage Real Estate has taken all reasonable steps to ensure that the information in this advertisement is true and correct but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own inquiries to verify the information contained in this advertisement.
Property History for 655 Princes Way, Drouin West, VIC 3818
- 15 Nov 2024Listed for Sale Contact Agent
- 14 Apr 2022Listed for Sale Investment $2,300,000
- 23 Oct 2018Listed for Sale Price on Application
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About Drouin West 3818
The size of Drouin West is approximately 23.7 square kilometres. The population of Drouin West in 2016 was 330 people. By 2021 the population was 361 showing a population growth of 9.4% in the area during that time. The predominant age group in Drouin West is 60-69 years. Households in Drouin West are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Drouin West work in a managers occupation.In 2021, 90.20% of the homes in Drouin West were owner-occupied compared with 88.90% in 2016.
Drouin West has 173 properties. Over the last 5 years, Houses in Drouin West have seen a 30.13% increase in median value, while Units have seen a 56.96% increase. As at 31 March 2026:
- The median value for Houses in Drouin West is $1,108,309 while the median value for Units is $718,926.
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