67-73 Standish StreetMyrtleford VIC 3737
Property Details for 67-73 Standish St, Myrtleford
Last Listing description (December 2022)
EXCLUSIVE TO MHB
Multiple Income Streams - Food / Beverage / Accommodation.
Located within the gateway to the famous Victorian High Country, this classic freehold country hotel motel has had extensive renovations completed recently.
Situated in the centre of town, the current owners have done most of the hard work already for the next operator to capitalize on. Immense capital works have been completed in the hotel, especially within the accommodation component with 70% of works completed thus far, and just minor cosmetic work required for the remaining rooms. The property features 9 accommodation room component of the property with all rooms tastefully renovated to the highest of standards plus a self-contained apartment or second residence that could serve as a full time Airbnb.
The superb owner`s residence would easily compete with some of the best stand-alone homes in the area. Offering a massive master bedroom galley style kitchen along with an additional 2 bedrooms that would serve a live in family if required.
To complete the package, there is the rare option of a self-contained family room / wing which sleeps up to 10 or alternatively, this could be reconfigured to be a flexible accommodation setting with shared utilities. Downstairs, there has been extensive works behind the scenes with repairs and maintenance to the internal plumbing and electrical plus a state-of-the-art internet installed.
The kitchen has also had a complete overhaul with some of the latest equipment and new carpeting. The dining area has been fitted out with a large offering of locally sourced furnishings which is currently sub leased to another entity which could be taken back with the new owners coming in and making this part of their own operation.
The hotel has a spacious public bar and is currently licenced for 350 patrons with a larger than normal function space and huge beer garden.
Currently trading Wednesday to Sunday there is the obvious room to expand operating hours to capture a higher turnover for the next operators.
* Terrific location in a strong all season tourism area
* Multiple income streams across food, beverage and accommodation
* Excellent accommodation - 9 rooms with diverse configuration options
* Licenced for up to 500 patrons
* Upgraded Glycol beer system and beerline cleaning system
* Newly renovated Air BNB - "The Watering Hole" Self-contained apartment
* Situated upon (approx.) 2,285m2 of CZ1 - Commercial Zone 1 land
A fantastic lifestyle and tree-change opportunity for the enthusiastic hotelier awaits. A must to inspect!
* Expressions of Interest will close at 12:00pm on Wednesday the 12th of
October 2022.
Contact Dan McDonald at MHB for more information.
Property History for 67-73 Standish St, Myrtleford, VIC 3737
- 01 Dec 2022Sold for $150,000
- 26 Aug 2022Listed for Sale Freehold - POA
- 25 Aug 2021Sold for $473,000
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0About Myrtleford 3737
The size of Myrtleford is approximately 80.5 square kilometres. There are 15 parks, covering nearly 15.2% of the total area. The population of Myrtleford in 2016 was 3193 people. By 2021 the population was 3285 showing a population growth of 2.9% in the area during that time. The predominant age group in Myrtleford is 60-69 years. Households in Myrtleford are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Myrtleford work in a trades occupation.In 2021, 73.20% of the homes in Myrtleford were owner-occupied compared with 70.90% in 2016.
Myrtleford has 2,238 properties. Over the last 5 years, Houses in Myrtleford have seen a 60.59% increase in median value, while Units have seen a 44.31% increase. As at 31 May 2026:
- The median value for Houses in Myrtleford is $674,876 while the median value for Units is $522,866.
- Houses have a median rent of $460 while Units have a median rent of $340.
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