Urgent Sale! Hotel Canberra Assets (administrators Appointed)

For sale by Expressions Of Interest – Offers over $100,000 closes Friday 6th December 2024 at 2 pm

Business ID: XB160989

In their capacity as Administrators of Pepaji Pty Ltd (Administrators Appointed), Liam Bellamy and John Kukulovski of Mackay Goodwin PTY. LTD. Have appointed Xcllusive Business Sales as the exclusive sales agent to sell the Assets only of the business Hotel Canberra (Administrators Appointed).

Papaji Pty Ltd, trading as Hotel Canberra, began its journey of re-opening the business of the historic 120-year-old Hotel Canberra in 2022 in the regional city of Ballarat.

The Hotel is in the heart of Ballarat with heritage-listed Stables Cafe, Bobby’s and Vestaxjibs venues within the hotel.

Proudly a Winner in the Commerce Ballarat Business Excellence Awards in the short time since opening in 2022. A strong local following evolved.

The Café runs through to the existing 120-year-old heritage-listed stables at the rear of the property.

The Hotel is still currently trading under Administration.

- Sales for FY2024 $646,227, FY2023 $428,541 built in the short time since opening 2022

- Victorian General Liquor licence

- Rich history dating back to 1861

- Prominent city central corner site in the vibrant Regional City of Ballarat

- Opportunity with additional revenue stream of 3 Luxury Accommodation Rooms

- Much loved local Hotel and strong following Bar | Cafe & Garden | Bistro | courtyard plus Accommodation

- Current lease further 2 years plus 2 x 5 yr options (with opportunity to discuss lease with landlord

FOR SALE BY EXPRESSION OF INTEREST FOR THE ASSETS CLOSING DATE Friday 6th December 2024, at 2 p.m.

Property Code: 4181