$60,000

58 Victoria Street, GRAFTON NSW 2460

400 m²

$60,000

58 Victoria Street, GRAFTON NSW 2460

400 m²

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POST OFFICE HOTEL, GRAFTON

For well over a hundred years there has been a pub operating across the road from the Grafton Post Office, in Victoria Street, Grafton.

Offered now for freehold sale there is a lease in place with tenants who are currently operating the property as a nightclub venue on a two night a week basis. This lease is due to expire in 2016 with options.

One of only two pubs in Grafton with a 22 hour Liquor License (operating hours 5am - 3am with conditions), in the past the property has been run many different ways, from primarily a thursday, friday and saturday nightclub/entertainment venue, an early-start day drinkers bar thru weekdays and as a low cost pub accommodation business. Lunch has been served on weekdays with previous owner-operators having made it a booming focus of their operations.

There is approximately 880 square metres of commercial land with the current freehold including the following: 12 car spaces, 12 accommodation rooms (3 with en suites & kitchenettes, 7 standard with kitchenettes and 2 budget), a 1-bedroom manager's residence, 2 ladies showers & toilets and 2 mens showers & toilets (incl. 1 of each in hotel section), a laundry, 2 upstairs verandahs, a commercial kitchen, 2 bar areas, a dining room / dance floor, full DJ and sound booth, multiple storage and office areas, a large industrial coolroom. In addition, a timber decked dining/smoking area at front of premises is currently leased from Clarence Valley Council. The freehold comes with all the plant and equipment needed to operate as a going concern.

Grafton is a regional town with a strong pub culture and a reliable night time entertainment trade. .
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