The Red Hill Hotel Circa 1854 FREEHOLD INVESTMENT
Located in the heart of historic Chewton is the iconic Red Hill Hotel. This freestanding building with managers residence is full of possibilities. The property is situated on a large 2800m2 allotment and securely leased until 2010 for $22021.80 P/A including GST set to CPI increase in May, 2009. The hotel consists of a grand dining room split over two levels with bar, separate main bar with adjacent outdoor entertaining area, extensive cellar, well-maintained kitchen and additional private outdoor areas and very good plant and equipment. Under the same (newly replaced) roof is the old assembly hall that is ripe for refurbishment, perhaps adding an extra income stream for an prospective purchaser. The property is also located on five separate titles, which may allow for further income possibilities STCA.
Lot/Plan No: 5/TP876118 翻譯中文