Historic gold rush hotel a lucky strike in Victoria

The sale of an iconic bluestone hotel in the little township of Redesdale in central Victoria is creating a buzz throughout the state.

The landmark 1850s Redesdale Hotel at 2640 Kyneton-Redesdale Rd, Redesdale, 115km northwest of Melbourne, has caught the eye of investors across Victoria.

On a 9020sq m block with a $850,000 price, the hotel was attracting restaurateurs and buyers interested in Macedon Ranges history, according to Jellis Craig’s Dominic Romeo.

Commercial Insights: Subscribe to receive the latest news and updates

The hotel has links to the gold rush era, as it originally operated as a Cobb & Co coach changing station.

A stopping point between Kyneton, Heathcote and Bendigo, it accommodated travellers headed for the goldfields.

 

The Redesdale Hotel includes original bluestone stables used for horses that drew Cobb & Co coaches to the goldfields.

The property still contained the original bluestone hotel, stables and dairy.

“Redesdale was a thriving township at the time with two hotels,” Romeo says.

“The hotel was self-sufficient, with owners growing their own vegetables and milking their own cows.”

Currently leased out by its owner, the property includes a main building with open fireplaces, a large dining room with a bar, kitchen, storerooms, a cellar, five bedrooms and two bathrooms.

The dining area is a popular watering hole with a bar and open fireplace.

There are outdoor dining and recreation areas, including a beer garden, a large petanque pitch plus a two-bedroom cottage, ideal as a bed and breakfast venture.

“The Redesdale is a unique chance to own a landmark investment property,” Romeo says.

“The building is in excellent condition with good road frontage and traffic flow.”

The freehold investment opportunity generates a yield of about 6.5 per cent and is positioned in the goldfields, Heathcote and central Victorian wine tourism region.

Kyneton, Heathcote, Castlemaine, Bendigo and Lake Eppalock, popular for fishing and boating, are not far away.

This article from Leader Newspapers originally appeared as “Landmark 1850s Redesdale Hotel with links to Victoria’s gold rush era hits the market”.