The Gem Bar

289 Wellington Street, Collingwood, Victoria 3066

Hotels For Sale

For Sale
Floor Area: 1.00 m2.    

The Gem Bar and Dining

Description

Colliers International is pleased to offer for sale the Leasehold interest of the Gem Bar and Dining in Collingwood. This multi faceted venue boasts a corner location in the heart of the inner north. What once was a destination hotel is now a true local.

Trade levels have remained consistent over the past few years with weekly turnover levels between the $35,000 - $40,000 mark. With increasing development in the immediate vicinity the venue is set to benefit from further uplift.

The Gem Bar is an opportunity that will be well received and not one to be missed.

Features

  • Established multi faceted hotel venue
  • Affordable rent @ 4.5% of T/O (approx)
  • Ideally located
  • Strong local following

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