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THE OLD COBDEN HOTEL

151- 161 Bright Street, Cobden

Hotel Motel Leisure
dollar

$390,000 Plus GST (if any)

Floor area
630m2
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Map

Property details

Listing # GDR10408 | Listed on 27 January

Once run as a local pub for the Cobden community, this iconic hotel now awaits a new owner ready to restore it to its former glory. Offered in as-is, where-is condition, the property presents a substantial opportunity for redevelopment, refurbishment, or repurposing.
The hotel is currently not operating. The main level features two bars and previously included a bottle store. There are two rooms presently used as bedrooms, along with a living area and kitchen. The upper level, which comprises a further four rooms, an ablution block, and a lounge, is no longer in use due primarily to the absence of fire escapes.
The main level of the hotel offers multiple potential uses, subject to council approval, and is zoned commercial on a freehold titles.
In addition, the property includes eight very basic motel units. Room 7 is shown in the photos as a representative example. The remaining units are currently occupied on a week-to-week basis.
The entire property requires significant attention and will be sold in its current condition. Set on a 2422m² site, prospective purchasers are advised to carry out their own due diligence. The property is currently insured and operating as a business, therefore plus GST (if any) applies. Has a current Building warrant of fitness.
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