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HTL Property is proud to announce the sale process for the iconic St Andrews Hotel, an historic landmark nestled in the scenic Kinglake foothills. This premier northeastern opportunity features a substantial 5,615 sqm land holding – with flexible Township Zoning; offering significant development potential (STCA). Renowned as a community hub and a destination for live rock, blues, and roots music, the property occupies a high-profile corner position directly adjoining the famous St Andrews weekend market.
The proposed sale offers ultimate flexibility for incoming buyers & operators, with the property available via Freehold Vacant Possession. Allowing a purchaser to step into a well established business, enjoying diversified income streams & development upside in a tightly held geographical corridor.
Situated on the path to the famed Yarra Valley winery region, which itself attracts over 5 million visitors annually, the hotel is perfectly positioned to capture high-margin weekend and day-trip food and beverage trade. Coupled with Nillumbik Shire’s high median weekly household income of $2,476 and a remarkable 20% past 12-month house price growth, the underlying economic drivers for this local community hub are exceptional and robust.
Scott Callow, Director of HTL Property, highlights the regional significance of the venue: “The St Andrews Hotel is more than just a pub; it’s a regional destination that benefits from over one million annual visitors to the nearby Kinglake National Park. The opportunity to take vacant possession presents the new owners with a blank canvas to further grow & develop this property & business. In doing so, one would acquire a piece of outer Melbourne hospitality history” advised Callow.
George Iliopulos, Director of HTL Property noted: “What makes this asset truly stand out is its dual exposure to a booming regional tourism market and an affluent local catchment area”
“We are anticipating strong interest in this asset” commented Dan Ryan, HTL Property Investment Sales.
“The combination of a large-scale land holding and the significant upside to be gained from developing under-utilized internal and external trading spaces, makes this an incredibly attractive proposition” Ryan concluded.
The sale of the St Andrews Hotel is being conducted via an Expression of Interest sale process, closing at 4pm on Wednesday the 12th August (unless sold prior).
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