Internal Ref: 1P6685
Summary
CRE Brokers are pleased to exclusively present the Royal Oak Hotel Leasehold Business for sale, offering an outstanding opportunity to acquire a well-established hospitality business in the heart o...
Location Details
South Street
About the Business
CRE Brokers are pleased to exclusively present the Royal Oak Hotel Leasehold Business for sale, offering an outstanding opportunity to acquire a well-established hospitality business in the heart of Ballarat, one of regional Victoria's most vibrant and thriving centres.
Originally built in 1866, the Royal Oak Hotel is a character-filled property combining timeless heritage appeal with a range of established and emerging income streams. Under the current ownership for the past five years, the business is now ready for a new operator to take it into its next chapter.
Renowned as a traditional "old school pub", the Royal Oak Hotel offers great value, a welcoming atmosphere and a loyal local following, while also benefiting from the strong visitor and tourism market generated by Ballarat.
The hotel features a cosy bistro with a traditional fireplace, a spacious public bar and a fully equipped commercial kitchen, supported by a cool room, freezer room and excellent storage facilities. A recently renovated beer garden provides additional outdoor seating, while the hotel's original stable building has been transformed into a unique function space complete with its own built-in bar, creating an ideal venue for private functions and celebrations.
Upstairs presents significant further potential, with four recently renovated accommodation rooms already providing an additional income stream. A further three bedrooms offer flexibility to be utilised as owner's accommodation or potentially added to the short-term accommodation pool, creating further opportunities to increase revenue.
The hotel's impressive heritage character is enhanced by a range of period features, including high ceilings, leadlight windows, a grand staircase and ornate balustrading.
The business is offered with the benefit of an existing lease with approximately 20 years remaining, providing long-term tenure for the incoming operator. With an attractive annual rental of just $80,000 plus GST, the Royal Oak Hotel represents an exciting leasehold hospitality opportunity with multiple income streams and further potential in one of regional Victoria's strongest hospitality markets.
Key Features:
* Established leasehold hotel business in central Ballarat
* Historic hotel originally built in 1866
* Strong local following and traditional "old school pub" appeal
* Cosy bistro with fireplace
* Spacious public bar
* Fully equipped commercial kitchen
* Cool room, freezer room and generous storage
* Recently renovated beer garden
* Unique function space with built-in bar
* Four recently renovated accommodation rooms
* Three additional bedrooms offering further flexibility and income potential
* Significant heritage character and period features
* Approximately 20 years remaining on existing lease
* Attractive annual rental of $80,000 plus GST
* Further potential to grow and develop the business
An outstanding opportunity to secure a well-established Ballarat hospitality business with strong foundations, multiple income streams and genuine upside potential.
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