The Property

• High profile main street location
• A wonderful opportunity to restore this former iconic country hotel
• Multiple Bars, Dining Areas & Entertainment Lounges
• Opportunity to develop Public Accommodation
• Private Accommodation
• Functional country style commercial Kitchen

The Particulars

• 7 year lease commenced 27th May 2009
• 2 rights of renewal of 7 years each
• Current net rental $26,000 per annum
• Annual increases at the rate of CPI or as agreed
• Rental as agreed between the parties or market review upon renewal
• Lessee to pay all standard outgoings (ex Land Tax)

The Commentary

Rainbow remains an extremely liveable town, despite its remoteness. The town prides itself on community involvement with dozens and dozens of community groups ranging from football, netball, cricket, golf, bowls, volleyball to arts groups, a community learning group, service clubs and a proactive town committee. A number of businesses serve the local community including a baker, butcher, well run modern supermarket, stock and station agents, a chemist, a local weekly newspaper (Rainbow-Jeparit Argus) and service station.

With its neighbouring township, Jeparit, Rainbow has a football team, Jeparit-Rainbow, competing in the Mallee Football League.

Golfers play at the course of the Rainbow Golf Club on Nhill Road

Method of Sale - PRIVATE TREATY (For Sale)

This is a fantastic opportunity for an investor to acquire a substantial property at an extremely affordable price range.

Please read the OCBA Form R7. Legislation requires an Agent to provide this to Purchasers.