A MARYSVILLE TREASURE, THE “CROSSWAYS HISTORIC COUNTRY INN” FREEHOLD – TAVERN AND ACCOMMODATION – FOR PRIVATE SALE ON WALK IN -WALK OUT BASIS
The 1920’s “Crossways Historic Country Inn” a large accommodation, food and beverage complex IS located in the heart of the Marysville tourist village, IT is a much-loved icon and local landmark.
THE corner property IS located on the Steavenson River at the intersection of Murchison Street, Buxton – Marysville Road, and the Woods Point Road which is the only road access from Marysville to the nearby Lake Mountain alpine and snow destination.
Research shows that Crossways has only had four owners in its almost century long history and it IS the only historic commercial property in the town to escape the decimation of the Black Saturday bushfire in February 2009.
Crossways has been restored and very well maintained over the last eight years and is ready now to realise its potential in a beautiful location where tourism is on the rise again.
The vendors have owned and conducted the business for almost sixteen years during which time many major improvements have been made.
They have now listed the property for private sale to facilitate their retirement.
Local district agent Nik Patek from the Alexandra office of Rodwells Ruralco Property holds the listing with offers invited for a private sale of the freehold, inclusive of plant and equipment, the 2017 ‘on premises’ liquor licence, current food and accommodation certificates, at $1.45 million.
On offer is the corner freehold with an estimated land area of about half an acre or approximately 2,500 sqm which has an approximately 70 metre main bitumen road exposure and a grassed river frontage on the other and nearby parkland.
The main tavern building has an area of about 600 sqm, including a very large functional commercial kitchen, a big coolroom and a fully operational bar with an impressive red gum panelled counter built by a local craftsman.
There is a large under counter fridge and vast storage space with bar service on three sides.
The lobby and reception entrance has an open fire with double glass doors leading on the left to the Restaurant area with seating for eighty plus.
To the right is the ballroom or Bistro with stage and dance floor with seating for another sixty or more opening out onto a long veranda with seating another thirty to forty.
Three large brick fireplaces provide the winter warmth along with a freestanding combustion heater and two big split system airconditioners.
Within the building is the onsite manager’s residence with two large bedrooms, a lounge and bathroom.
Adjoining are seven accommodation units in a garden setting, five with ensuite services, plus a two-bedroom family motel unit and the self-contained two-bedroom River Cottage.
All units have offstreet parking and are let at $140 to $220 per night with winter the high season and the summer attracting hikers, bushwalkers and fishing enthusiasts.
Selling agent Nik Patek says “this property is zoned commercial and holds an ‘On Premise Liquor Licence’ for 192 patrons transferable to the new owner.
“There is an opportunity here for a purchaser, perhaps someone with food and beverage experience, or a couple, to purchase and become operational virtually immediately with little or no ingoing investment needed.
“The vendors who have owned Crossways for the last sIxteen years have not operated it to anywhere near its potential since the fire in 2009 and have concentrated on improving and maintaining the property. They have been holding community events and functions with accommodation and they are now selling to retire in the local area.
“They have held the premises closed for extended periods but notwithstanding this they have kept the property in excellent condition protecting many of its period aspects including the extensive local hardwood timber floors and fittings while attending to minor and major maintenance issues including restumping and complete reroofing of the main building and the accommodation units.
“An important consideration is that the sale offer provides an opportunity to participate in the strongly reviving tourist visitor numbers to Marysville in the post bushfire recovery period and the overflow of visitors from the Yarra Valley only thirty minutes away over the Black Spur.
“A little way up Murchison Street for instance is the major new Vibe Conference and Suites that is attracting a growing number of corporate functions, conferences and events to the town.
“Right outside Crossways is where visitors at weekends queue to gain road access to visit the snow and alpine facilities at nearby Lake Mountain, one of Victoria’s most accessible winter mountain destinations, so during the winter period there is often a ready market awaiting right outside this property.
“In addition to re-introducing food,and beverage services and continuing to offer the seven accommodation options, by any measure this property with its large corner site also offers new development potential.
“The local Murrindindi Shire Council is very keen to support the further recovery and rebuilding of Marysville’s former accommodation facilities, together with the lifestyle and permanent living residences which were lost in the bushfire.
“More and more visitors are also returning to the town to relive earlier holiday, wedding, honeymoon or function celebrations that they experienced in Marysville earlier in their lives” Mr Patek says.
Further property information or appointments to view Crossways at 4 Woods Point Road Marysville can be arranged by contacting selling agent Nik Patek of Rodwells Ruralco Property on 0409 936 210 or 03 5772 1110.