Hotel purchased for $535,000, sold for $150,000

By Denise Dion
Updated May 19 2020 - 5:26am, first published May 13 2020 - 9:00am
New owner Neil Rankin at the Hotel Australasia.

Bega Valley Shire Council has revealed what has long been suspected in the community, that it sold the Hotel Australasia in Eden for $150,000 to builder Neil Rankin and a partner, after buying it for $535,000.

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