It is being marketed as an investment opportunity by agent Mitchell Frail of Burgess Rawson in Kingston, Canberra.

"The current owner bought it in 2015 for $275,000," said agent Mitchell Frail.

"At the time it was very run down and in need of renovation."

Around $1.2 million was spent on upgrading the hotel in 2016.

In comparison, the restoration and renovation works planned for the Commercial Hotel (Horse & Hound) is valued at $1.8 million, owner Peter Griffiths recently told the Gazette.

The Criterion is expected to earn $148,200 net income per annum plus GST, and an expected yield of 9.5 per cent.

"As yields tighten for commercial properties in major cities investors are looking to regional areas for properties that offer better returns,” said Mr Frail.

"More investors looking for stable long term tenants in place.”

The current leasehold is until January 2021 and the tenant is expected to resign a 15 year lease. 

"Investors are looking for a set and forget type of investment," said Mr Frail.  

It would suit mum and dad investor, self-managed super funds, high net worth individuals, he added.

The advertising for the freehold hotel has extended to investment website Myfun.com.

Operated by a multinational digital advertising company that showcases property for Chinese investors.

However, the freehold on Myfun.com shows a 8.25 per cent yield.