Buy a Piece of History

The American Hotel, Creswick

The Block - compromising 88 and 90 Albert St Creswick Iconic Freehold Investment & Business Opportunity

Historic Hotel with Multiple Income Streams and Development Potential

Established in 1854, the American Hotel stands as a landmark in Creswick, serving the community and travellers for over 170 years. This distinguished property is exceptionally well-situated in the heart of Creswick and is renowned for its strong local patronage, substantial passing trade and consistently high occupancy. The hotel is being offered for sale as a freehold going concern, with two purchase options available to suit your investment strategy.

Key Features

• Site Area: 1,426.47 m² (The Block potentially up to 2,101 m² with adjoining property)
• General Liquor licence.
• Bars: Three individual bars, each catering to different clientele and events
• Café & Bistro: Stylish bistro seating up to 60 diners, supported by a high-capacity commercial kitchen (including combi ovens, Hobart dishwasher)
• Function Spaces:
• Lindsay Room – upper level, accommodates up to 100 guests, private bar and landing
• Green Room – lower level, formal private dining for up to 30 guests

Accommodation: Six well-appointed rooms (two doubles, four singles), two shared bathrooms

Alfresco Areas: Multiple outdoor spaces for relaxed dining and socialising

Original Features: Stables, former gold store, and guard house – ideal for conversion to B&B or boutique accommodation

Parking: Ample off-street parking available via Exchange Lane

Energy Efficiency: Newly installed 50-panel back-to-grid solar system on a colour-bond roof, significantly reducing operational costs.

Frontage both buildings

Overlay both buildings

Position of new Mountain Bike trail head

Adjoining Property – 88 Albert Street

The sale can include the neighbouring property at 88 Albert Street, comprising:

• Three-bedroom self-contained apartment with living room, kitchen and spacious bathroom
• Retail space currently leased as a Pilates studio, generating steady rental income

Combining both properties The Block creates a total site area of up to 2,101 m². This opens up further development opportunities such as a microbrewery, boutique accommodation, gin distillery or expanded hospitality offerings. S.T.C.A.

Unique Selling Points

• Rich history and strong brand recognition in the region
• Multiple income streams from bars, accommodation, dining, and leased retail space
• Character features including original stables and gold store, offering potential for further revenue generation
• New solar system ensures sustainable, low-cost energy
• Central location in a thriving tourist corridor between Ballarat and Daylesford

Performance Data & Local Demand

• Accommodation Occupancy: Average annual occupancy rates driven by regular local events, Mountain bike track and increasing tourism
• Leased Retail Space: Pilates studio provides reliable rental income
• Three bed room self contained apartment leased to the Hotel for accommodation
• Tourism Growth: Creswick and surrounding areas have seen a 12% increase in tourist numbers over the past three years, with Ballarat and Daylesford attracting over 1 million visitors annually

Conclusion

This is an exceptional opportunity to acquire a highly successful, fully restored freehold hotel with significant development potential. With strong performance metrics, flexible purchase options, and unique historic features, the American Hotel is perfectly positioned for continued growth. Contact us today to arrange a viewing and learn more about this outstanding investment in the heart of Creswick.

Contact us today to explore this exceptional opportunity.