Coastal gem the Westernport Hotel of San Remo has hit the market, available for the first time in 20 years.
The popular pub occupies a 2,781sqm corner site with over 100 metres of dual street frontage. Inside is a well-patronised front bar, large family-friendly bistro, beer garden at the front with stunning views of the bay, a dedicated live music area, and accommodation, with ample parking for patrons front and rear.
It is licensed until 1am, and holds capacity for up to 500 patrons.
The Hotel is situated at the only entry and exit point to the ever-popular Phillip Island, overlooking Western Port Bay, less than two hours from the Melbourne CBD and mere metres from San Remo Beach.
Phillip Island is one of Victoria’s favourite tourist and lifestyle destinations, known for its many tourist attractions, including the international MotoGP.
Over the past two decades the pub has been meticulously updated and maintained.
After 20 years on the job, owner Nick Say has been considering an exit for some time but has been reluctant to sell. He has now made the decision to focus on his winery and spend more time with the family.
The lease runs until 2040, with rent increasing according with CPI.
A sale campaign has been launched by JLL Hotels’ Lachlan Persley and Will Connolly, who declare it a “once in a generation” opportunity for a landmark operation.
“The Westernport has a distinct advantage in capturing trade from visitors to the area, which boasts annual visitation in excess of 2.5 million,” notes Persley.
“This, coupled with the growing township and loyal local trade, make it an ideal investment for discerning buyers.”
The leasehold interest in the Westernport Hotel is being sold via Private Treaty.
