Accommodation Business For Sale in Castlemaine Gippsland VIC

Cumberland Hotel - Leasehold Hotel with 30 Electronic Gaming Machines

Advert Id: 386871, Sellers Ref: (1P6359)
  • Location: Castlemaine, Gippsland, Victoria
  • Category:Accommodation
  • Asking Price:Leasehold $5,750,000
  • 0
  • Sales revenue :Undisclosed
  • Net profit :Undisclosed
  • Furniture/Fixtures value :Undisclosed
  • Inventory/Stock value : Undisclosed

Business description

A rare opportunity to secure one of the largest and most iconic hotels in Victoria's historic goldfields region.

The Cumberland Hotel enjoys a prime corner position on the main street of Castlemaine - a thriving town known for its vibrant arts community, rich gold rush heritage, and growing reputation as a destination for food lovers.

As the only venue in Castlemaine with gaming facilities, offering 30 electronic gaming machines (EGMs), The Cumberland presents an unparalleled business advantage and long-term operational security.

The beautifully renovated ground floor offers a thoughtfully designed and cohesive hospitality experience. It includes a stylish public bar complete with TAB facilities, a spacious and inviting bistro that features a dedicated kids' play area, a separate private function room ideal for events, a modern and discreet gaming room, and an expansive beer garden that also offers TAB amenities.

With a secure lease in place offering options through to 2071 (20 years + 20 years + 10 years), this is a standout leasehold opportunity for a savvy operator seeking a premium, high-performing asset in regional Victoria.

Cre Brokers

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