After less than two years, private owners have listed the handsome Leura Hotel in Camperdown with option to lease or buy.
Found on the corner of Manifold and McNicol streets, the striking two-storey pub was built 1857. Ealy in the twentieth century it was re-pointed with a ‘wedding cake’ façade design.
The historic public house provides public bar, dining areas and outdoor beer garden, and 30 pub-style accommodation rooms, boasting five bathroom facilities and a dedicated kitchenette.
At the rear of the block is a renovated four-bedroom property and a leased-out restaurant, and on Manifold Street there are two leased retail spaces.
Camperdown is a town of around 3,500 residents, roughly two hours’ drive south-west of Melbourne. It hosts annual events that attract thousands of visitors and tourists.
During the course of the past two decades, the Leura has changed hands several times. In 2017 it was purchased by well-known local demolition businessman Lawrie Voutier.
Voutier executed minor works on the property, and in late 2022 listed it for sale for $1.8 million.
The Hotel sold to unnamed private investors, who have now listed it again.
A campaign through First Choice Business Brokers’ Susan Su offers a “long lease” on the business for $350k.
Alternatively, the freehold is on offer for $3.5 million. Su confirmed the freehold going concern option is $3.85 million, representing a significant premium to the sale in 2022.
