62 Main Street, Chiltern

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Introduction

Kristian Hopwood, representing Stean Nicholls Commercial Real Estate, is delighted to present the freehold of 62 Main Street, Chiltern for sale.

With a proud history this grand building was formerly the Masonic Hall (circa 1903), and is perfectly positioned on a 607m2 approx. allotment in the heart of the historic Chiltern township.

This restaurant and cellar door are situated at 62 Main Street and boast a stunningly renovated space measuring 205 sqm. The area comprises a fully equipped kitchen, dining room, event space and bar area. Additionally, there is a private dining room that caters to intimate events, and a generous outdoor patio perfect for al fresco dining.

Currently the home of the highly successful Posh Plonk Cellar Door and restaurant, drawing in thousands of patrons, tourists and has become one of the regions highest rated destination venues.

The lease to Posh Plonk provides fixed growth, ensuring a reliable return on investment.

To obtain more details or to arrange a viewing, contact Kristian Hopwood directly at 0473 888 821 or via email at kristian@steannicholls.com.au.

Executive Summary

Property:

62 Main Street, Chiltern, VIC, 3683

Property details:

Situated on the “main” street of Chiltern, the extensive 607m2 block enjoys a consistent influx of tourists and locals throughout the year. With easy access to the Hume Freeway, finding this Victorian gem is effortless. This distinguished property consists of a brick structure that originates from the early 1900s, with a contemporary extension located at the back.

With its impressive vaulted timber-lined ceilings and beautiful Murray pine floors, this building offers an exceptional al fresco area for dining. The floor plan comprises a grand entrance suitable for a cellar door, a spacious dining room/event space, a secondary intimate dining area, and a stunning modern extension at the rear. The extension boasts a complete commercial kitchen with a cool room, a serving area, high-pitched roof, and expansive glass windows and doors. The outdoor space showcases innovative seating pods, customer restrooms, an outdoor pizza oven, and an entertainment section, making it one of the region’s premier destinations.

Features:

• This property offers immediate and ongoing returns to investors

• Ideally positioned to wedding venues, restaurants, cafes, and holiday accommodation venues

• Tenant pays 100% outgoings

• Township zoning

Tenant Details:

Posh Plonk is a unique, premium wine brand. The journey began with the establishment of the Bethanga winery, which paved the way for the opening of a Cellar Door, restaurant, and function space in Chiltern. This venue allows for showcasing exceptional wines and highlighting the incredible produce from the region.

The licenses attached with the property are the following - supply liquor that is the licensee’s product for consumption on or off the licensed premises; and - supply liquor that is not the licensee’s product for consumption on the licensed premises.

Executive Summary

Not only does this property come with the benefits of a Producers Licence, but its trading hours are also remarkably generous given its location. Trading from 9:00 am to 11:00 pm on Fridays and Saturdays, and 9:00 am to 9:00 pm on all other days, is a luxury that many can only hope for.

Moreover, there is no restriction on the number of patrons allowed on the premises, as the venue can comfortably accommodate 150 guests both inside and outside.

A distinctive aspect of the planning permit is that the need for a car park has been waived, meaning that there is no requirement for on-site parking.

The planning permit additionally includes a provision for a restaurant and bottle shop (cellar door).

Lease Details:

Posh Plonk on Main

$63,000 + GST pa income

11.09.2023 - 11.09.2027 (4 year lease) + 2 x 4 year option

Increases: Fixed 3% increases annually and market reviews at Sept 2027 & Sept 2031

OUTGOINGS

Council rates

Water and sewerage rates

$2,496 per annum (approx.)

$1,400 per annum + consumption (approx.)

Zoning: Township Zone

Title: CROWN LOT 26 SEC 6:PH CHILTERN

Planning authority: Indigo

Sale Process: Private Treaty

Location

Nestled in the picturesque town of Chiltern, 62 Main Street sits between the renowned food and wine regions of Beechworth, King Valley, and Rutherglen. This family-friendly destination boasts a multitude of local businesses that highlight the area’s finest produce and distinctive charm.

Around The Area

Chiltern, situated in Victoria’s scenic North East, is bordered by the Murray River and the Australian Alps and is only 300 km from Melbourne. Chiltern is renowned for its natural beauty and its rich history. Thousands of tourists visit the area each year to sample food and wine and visit many wellknown local festivals and events.

The region is home to a stunning array of historic towns. With wide tree-lined streets and solid, dignified buildings still in their original splendour, the region is reminiscent of the flamboyant gold rush days. Other townships and areas in the region include Beechworth, Rutherglen, Yackandandah, Kiewa-Tangambalanga, Stanley and Barnawartha.

Indigo Shire residents are passionate and actively involved in their communities with over 300 residents volunteering across various Council services such as libraries, Meals on Wheels, Visitor Information Centres, and community cars.

Are you interested in opening a business in Indigo Shire? The Indigo Shire Economic Development Unit can help by providing more information, you can visit https://www.indigoshire.vic.gov.au

steannicholls.com.au 02 6021 5233

Suite 1, Unit 19, 669 Dean Street, Albury

Disclaimer

The information contained in this information memorandum has been prepared in good faith and due care by the Vendor and Stean Nicholls. Any projections contained in the information memorandum therefore, represent best estimates only and may be based on assumptions.

The information contained herein is supplied without any representation as to its truth or accuracy. All interested parties should make their own enquiries to satisfy themselves in all aspects and obtain their own independent advice in order to verify any of the information. All stated dimensions and areas are approximate.

The vendor does not represent or warrant the accuracy of any information contained in this document. Subject to any statutory limitation on its ability to do so, the vendor disclaims all liability under any cause of action, including negligence, for any loss arising from reliance on this document.

Specifically, we make the following disclosure: All areas, measurements, boundaries, building outgoings and rents are approximate only and subject to final confirmation;

The information contained in this document is provided as a guide and an aid to further investigation by potential purchasers. Prospective purchasers should seek legal, financial and other appropriate expert advice in order the verify the accuracy of the information presented in this document.

GST Disclaimer

Stean Nicholls advises that the financial information in this report relating to income, outgoings and the like is provided without reference to the possible impact of GST, if any. Purchasers should make their own assessment of the impact of GST on the investments and the returns derived there from after obtaining expert professional advice.