Father and son owner-operators Michael and Hayden George are offering Coburg’s Woodlands Hotel for sale.
CBRE Hotels’ Will Connolly has been appointed to market the pub, which offers investors an opportunity to secure an established business in one of Melbourne’s most popular cultural hubs.
The 398sqm, two-storey hotel features an eclectic interior – think concrete eagles, dragons’ heads and oversized toy soldiers – public bar, well-appointed commercial kitchen, first floor dining room and an ‘atrium’ style function room and live music area.
The Woodlands was originally built in the 1850s and its facade is heritage listed.
The asset is being offered to market as a genuine Freehold Going Concern opportunity, alleviating potential GST implications upon sale.
Connolly noted: “Freehold Going Concern hotels are becoming a sought after commodity in an industry that has experienced unprecedented demand from operators, investors and developers.
“Positioned in a location experiencing substantial rejuvenation and development, The Woodlands Hotel is expected to gain interest from a wide range of buyers.”
The Woodlands Hotel is being offered for sale via Expression of Interest closing Thursday, June 13, 2019 (AEST).
It’s expected to change hands for around $3.5-4 million.
