St Arnaud 95-101 Napier Street

This grand iconic building, built circa 1901, the former Commonwealth Hotel, sits in a commanding position in the historic town of St Arnaud; with a 100 wide street frontage it is has a highly visible presence to both locals and visitors alike, and offers a plethora of exciting opportunities for its next owner to explore.

Now unlicensed, the freehold property, with its main building, 25 foot driveway with double carport and an additional brick building on the 1800m2 site could be transformed (subject to council approval) to accommodate a wide range of uses, including: retail, commercial, hospitality/tourism or a blend of mixed tenancies.

The building itself has two commercial kitchens, several bathrooms, laundry, underground cellar, cool room, internal staircase, male and female toilets, fireplaces, lounge/dining rooms, up to 11 bedrooms including a caretakers/owners residence. Well preserved, the building still has an imposing facade and inside there are clear options to adapt to facilitate great versatility of usage.

There is an additional piece of land at the rear of the building on a separate title with access to McMahon Street, this is also available for sale, separately or in conjunction with this purchase; further enhancing opportunity for high income development potential.

Located within walking distance of all main banks, as well as the major amenities in the town centre, this building boasts solid pedestrian and drive-by traffic daily, and any business established within its framework has the potential to benefit from the tourists that visit St Arnaud. With Australias only Bible Museum, as well as beautiful botanic gardens, butterfly farms and an historic precinct that includes Victorias oldest fire station, along with its gold mining history; St Arnaud continues to attract healthy visitor numbers.

For a full inventory of chattels, as well as further information, contact Agent to discuss. This is an outstanding opportunity to invest in a vibrant, wealthy community with a strong agri-business economy. Owners are committed and realistic sellers are open to flexible and generous terms.