Mitta Mitta Hotel Information Memorandum

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O M E O H I G H W AY M I T TA M I T TA

INFORMATION MEMORANDUM

Information Memorandum

Contents

Introduction 4 Executive Summary

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The Property

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Location 8

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Video Link

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Agents Details

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Information Memorandum

Introduction In the heart of the Mitta Valley, sits one of Victoria’s best kept secrets, the Mitta Pub at 5557 Omeo Highway, Mitta Mitta. On behalf of Stean Nicholls Real Estate, Kristian Hopwood is proud to present to the market an outstanding freehold investment.

The accommodation can hold up to 20 guests with newly renovated large sized rooms.

There are 6 rooms of private accommodation in the main building with a large size cabin closer to the Mitta River that sleeps 5.

For further information or to organise an The “Mitta Pub” (formerly the Laurel Hotel) is inspection, please contact Kristian Hopwood one of the North East’s true iconic watering directly on 0473 888 821 or kristian@ holes. The picturesque property is a fully steannicholls.com.au restored, renovated, and extended country hotel. Just 50 minutes from one of the fastest growth centres, Albury Wodonga. With Snowy Creek frontage, the property attracts droves of people through tourism and culinary experiences from all over Victoria & NSW. This freehold investment opportunity is on the market with a strong lease in place. The business is a fully licensed pub and hotel and can host up 300 people utilising their newly renovated indoor and outdoor dining.

They cater to large functions and groups on a regular basis. With a featured covered north facing outdoor dining area leading onto a garden with views of the scenic creek, this pub is one Victoria’s best lunch spots.

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Executive Summary Property:

5557 Omeo Highway, Mitta Mitta, VIC, 3701

Property details:

This 3,058m2 picturesque block plays host to a newly renovated accommodation and restaurant construction put together by Southern Cross Developers.

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Fully renovated lounge, dining room, bar spaces and outdoor dining deck Accommodation that can host up to 20 people with 6 private rooms and 1 large cabin Mitta River frontage On a large 3,058m2 block Township Zone

Lease Details:

Rental income of $100,000 plus GST per annum.

Mitta Pub (formerly the Laurel Hotel) is a successful business. The five (5) year lease commenced on 01.10.2018 and includes one (1) x five (5) year option.

Net lettable areas:

The total building area includes the front, back and outdoor bar, lounge, dining room, outdoor dining, hotel accommodation and a cabin cottage accommodation.

Council rates:

$3,800 per annum (approx.)

Water and sewerage rates:

$925 per annum + consumption (approx.)

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Executive Summary Zoning:

Township Zone

Title:

Volume 11289 Folio 008

Planning authority:

Towong Shire Council

Sale Process:

Forthcoming Sale

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The Property Situated on 3,058m2 picture perfect land and with Mitta River frontage, this property is a destination location. The property provides a great atmosphere for a day out all year round.

Warm and cosy open fires, an extensive wine list and hearty meals keep the atmosphere inviting and provide a comforting stop in the wintertime. The beautiful new dining room overlooking Snowy Creek provides the perfect spot for enjoying a warm summer’s

evening with a few cold drinks. Set in bush surrounds, backing on to Paddy’s Reserve and the beautiful Snowy Creek, the Mitta Pub offers a relaxing meal and a drink to everyone visiting the Mitta Valley. Having recently undergone an extensive renovation

by Southern Cross Developers, the pub now offers top-notch facilities while keeping much of its historic charm.

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Location Mitta Mitta is a beautiful little hamlet nestled in the Mitta Valley in north-east Victoria.

Situated at the Junction of the Mitta Mitta River and Snowy Creek, this charming little town is the epicentre for local tourism, fishing, recreational and holiday activities and is a great place to live. Mitta is the jewel in the Mitta Valley crown.

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1km Hume Highway

4.2kms Mitta Mitta Airport

60mins Albury CBD

50mins Wodonga CBD

600kms Sydney

400kms Melbourne

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MITTA MITTA

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Location With the increase in regional tourism the Mitta Pub is well placed to enjoy further growth. The stunning Mitta River and nearby walking and biking trails have always added to the hotel business and their recent renovations provide further discovery for return visitors. The Mitta Pub is the perfect spot to pull in after a full day of activities, whether it is the incredible bush walking along ‘Deep Gully’ or ‘Mt Wills’ walking tracks, skiing down Mount Bogon or a big day out fishing for trout at the famous Dartmouth Dam. Benefitting from a $1.5 million Victorian grant to improve the mountain bike trails in Mitta Valley, this again solidifies that it is a destination location for families, couples and weekend adventurers.

Sat in the Mitta Valley, 5557 Omeo Highway is only 50 minutes Southeast of Wodonga. Providing easy access to the Hume Freeway. The location is approx.

400 kilometres North East of Melbourne and approx. 600 kilometres South East of Sydney in Southern New South Wales.

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Video Link CLICK HERE TO PLAY

Vendors Agent Details

Kristian Hopwood

Commercial Manager

+61 (0) 473 888 821

+61 2 6021 5233 kristian@steannicholls.com.au

Geoff Stean

Director/Auctioneer/Sales Executive

+61 (0) 413 888 788

+61 2 6021 5233 geoff@steannicholls.com.au

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steannicholls.com.au 02 6021 5233 Suite 1, Unit 19, 669 Dean Street, Albury

Disclaimer The information contained in this information memorandum has been prepared in good faith and due care by the Vendor and Stean Nicholls. Any projections contained in the information memorandum therefore, represent best estimates only and may be based on assumptions.

The information contained herein is supplied without any representation as to its truth or accuracy. All interested parties should make their own enquiries to satisfy themselves in all aspects and obtain their own independent advice in order to verify any of the information. All stated dimensions and areas are approximate.

The vendor does not represent or warrant the accuracy of any information contained in this document. Subject to any statutory limitation on its ability to do so, the vendor disclaims all liability under any cause of action, including negligence, for any loss arising from reliance on this document.

Specifically, we make the following disclosure: All areas, measurements, boundaries, building outgoings and rents are approximate only and subject to final confirmation; The information contained in this document is provided as a guide and an aid to further investigation by potential purchasers.

Prospective purchasers should seek legal, financial and other appropriate expert advice in order the verify the accuracy of the information presented in this document.

GST Disclaimer Stean Nicholls advises that the financial information in this report relating to income, outgoings and the like is provided without reference to the possible impact of GST, if any. Purchasers should make their own assessment of the impact of GST on the investments and the returns derived there from after obtaining expert professional advice.