101 Commercial Road, Koroit VIC

For Sale

Food/Hospitality

$2,200,000

Mickey Bourkes Koroit Hotel Est 1853 is a two-storey iconic hotel situated in the Irish village of Koroit which is located between Warrnambool and Port Fairy, just off the Great Ocean Road and 3 hours from Melbourne.

The Hotel is the hub of the village boasting a strong local trade and meeting place for the community and popular tourist destination. Open 7 days its well established kitchen and restaurant are open for lunch and dinner.

The busy bar is always welcoming and also has a TAB area. There are 10 Rooms upstairs for accommodation with an opportunity waiting to capitalise on the increase of occupancy. A managers residence is also located upstairs.

* Open 7 Days
* Restaurant open Lunch & Dinner
* TAB
* Busy Bar trade
* 10 Rooms for Accommodation
* Strong local trade
* Tourist destination
* Hub of Koroit Irish Village
* Well supported by the community and tourists



The building is set on a large block of 1564m2 and is situated on the corner of High and Commercial Road (main road of the town). This is an excellent opportunity for those wanting a great lifestyle location and business. The pub is the pinnacle of the town with a fabulous atmosphere and presence. Selling freehold on a walk in walk out basis.



HUGE POTENTIAL TO IMPROVE:

* There is some development opportunity to place more accommodation at the rear (subject to council approved).

* Plenty of opportunity to expand the use Air BNB or booking.com sites.



ABOUT KOROIT

Koroit is situated within 10 minutes of well known Port Fair and Warrnambool.

Koroit’s claim as the Irish heartland of Australia is not made lightly. Koroit’s current population of about 1500-2000 people is still dominated by families of Irish decent with Irish names common throughout the township.

The town, which is located at the foot of the dormant Tower Hill volcano 10 minutes either side of Warrnambool and Port Fairy, was first settled in 1857. The rich volcanic farmland of the area drew Irish potato farmers to Koroit who had fled the famine and couldn’t believe their luck to find a piece of Ireland in their new country.

The Koroit township has close neighbours in the farming hamlets of Crossley and Killarney whose back lanes and green fields are as Irish as anything the Emerald Isle can offer. Potatoes, carrots and dairy cows still grow under and on top of the rich soil around Koroit and there is even a Blarney Stone at Killarney visitors can kiss. Koroit is located three hours from Melbourne and 10 minutes from both Warrnambool and Port Fairy.



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