60 Napier StreetSt Arnaud VIC 3478
Property Details for 60 Napier St, St Arnaud
Last Listing description (November 2023)
EXCLUSIVE TO MHB
Presenting the Royal Hotel, St Arnaud - Tastefully decorated, remarkably busy, repeat clientele and pride of the locals.
The Royal Hotel is an iconic building offering major street frontage on a perfectly located corner block, on the main road in the heart of central St Arnaud and supported by many local shops, bakeries and cafes etc.
The best presented Hotel in town, the Royal Hotel is well patronised by many loyal locals, visitors and nearby customers from smaller villages.
There is further potential to maximise the revenue as the hotel is only currently operating 5 days a week at present.
As an added bonus, there are 12 large bedrooms with separate large bathrooms. These rooms are currently not used as accommodation, but the revenue can be maximised by advertising the hotel style bedrooms via online services like Booking.com.au
The property oers seating for 32 in the main dining room, 60 in the bar area, 40 in the courtyard and 16 for footpath trading. There is a large working fully equipped kitchen with walk-in chillers with plenty of storage areas and a separate small function room.
The massive and very well-presented owner's residence on the second level, which is accessible via a staircase behind the bar is in immaculate conditions with large living room facing the main street. There is ample ostreet parking as it is in a junction and its strategically corner location and easily caters for all guests and hotel patrons.
A fantastic opportunity with potential for an owner/operator for less than a good house price in Melbourne.
Key Features:
* Multiple income streams with the bonus of 12 hotel accommodation rooms
* Quality owner/manager residence
* Bar / bistro / dining / lounge / footpath trade
* Commercial fully equipped kitchen with walk-in chiller
* Major corner street frontage - junction of Napier and Walker Streets
* Ample parking for hotel patrons
* Tastefully decorated and very well-presented
* Repeat clientele (currently trading 5 days a week - Wed to Sun)
* Property rates approx. $4,260 per annum
* Situated upon (approx.) 391m2 of C1Z Commercial 1 Zone
Relocate, live the dream and maximise the returns. So much opportunity to develop further here!
All appointments strictly by prior appointment only.
A must to inspect. Don`t miss this remarkable opportunity.
Contact Dan McDonald on 0437 838 368 to discuss.
Property History for 60 Napier St, St Arnaud, VIC 3478
- 14 Apr 2022Listed for Sale Not Disclosed
- 01 Apr 2014Sold for $165,000
- 15 Jan 2014Listed for Sale $165,000
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0About St Arnaud 3478
The size of St Arnaud is approximately 70.0 square kilometres. It has 8 parks covering nearly 29.1% of total area. The population of St Arnaud in 2016 was 2193 people. By 2021 the population was 2318 showing a population growth of 5.7% in the area during that time. The predominant age group in St Arnaud is 60-69 years. Households in St Arnaud are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in St Arnaud work in a labourer occupation.In 2021, 76.40% of the homes in St Arnaud were owner-occupied compared with 75.80% in 2016.
St Arnaud has 1,679 properties. Over the last 5 years, Houses in St Arnaud have seen a 57.10% increase in median value, while Units have seen a 144.29% increase. As at 28 February 2026:
- The median value for Houses in St Arnaud is $314,479 while the median value for Units is $289,256.
- Houses have a median rent of $338 while Units have a median rent of $175.
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