Rivers of gold beside the mighty Murray

by Grantlee Kieza 6th of October, 2021

Rivers of gold beside the mighty Murray
Burkes Hotel Motel

Situated beside the mighty Murray, it’s being marketed as the most profitable leasehold hotel in Victoria on the back of its rivers of gold.

The leasehold on the iconic Burkes Hotel Motel in beautiful Yarrawonga, Victoria, is on sale at $1,495,000 and with its accommodation business alone providing $350,000 a year it is producing a 38.4 per cent buyers yield.

“Yarrawonga is a beautiful place and the fastest growing regional centre in Victoria,” said Dan McDonald, of McDonald Hospitality Brokers.

“It's only three hours from Melbourne and even closer than that to the snow country."

“And Burkes Hotel Motel is a strong and unique business because of its diverse revenue across food, beverage and accommodation."

“It provides great returns for the leasehold operator with 20 smart motel units that are very popular.”

Burkes Hotel Motel Units
Burkes Hotel Motel Units

 

Yarrawonga is situated on Australia’s longest river, the Murray, between the northern Victorian towns of Cobram and Rutherglen, and it is linked with Mulwala in New South Wales by a beautiful 500m bridge built in 1924.

The bridge also allows pedestrian traffic and superb views of Australia’s greatest river.

Yarrawonga is one of Victoria’s leading holiday destinations, with an array of festivals and the beautiful Lake Mulwala, which was formed by the building of a weir across the Murray in the 1930s. The lake is a 23km long and a tourist magnet for lovers of swimming, boating and fishing. Additionally, a number of tourist operators offer cruises along the river and lake.

Mr McDonald said Burkes Hotel Motel offered exceptional lease terms with a 27-year contract and “very attractive” rent.

“It’s really well positioned in the heart of a fast growing and popular regional centre,” Mr McDonald said.

 “The property is beautifully presented. It’s a modern and stylish hotel/motel with a spacious open plan public bar."

“There’s a TAB, a lounge, and good bistro/dining with a commercial kitchen."

Burkes Hotel Motel Bar
Burkes Hotel Motel Bar

 

“There are also two function spaces and alfresco dining, along with a beer garden.”

Mr McDonald said the leasehold came with a  residence that consisted of one bedroom, two bathrooms and a lounge.

“Yarrawonga is also an ideal golf and tour destination,” he said, “with beautiful courses nearby and ample secure parking for patrons and guests using the 20 motel rooms."

“Burkes Hotel Motel has to be the best leasehold hotel/motel offer in Victoria at the moment.”

The Yarrawonga area is steeped in history.

© alistair mclellan/EyeEm / Adobe Stock
© alistair mclellan/EyeEm / Adobe Stock

 

The nearby Warby Ranges, once the hideout of Ned Kelly and his gang of bushrangers, offers spectacular views along its ridges, and is teeming with birdlife and wildflowers.

The area also includes the scenic lower reaches of the Ovens River, which joins the Murray between Yarrawonga and the wine region of Rutherglen.

All around there are old growth red gum forests and ideal spots for boating, fishing and camping.

The Byramine Homestead, built in 1842 west of Yarrawonga, is classified by the National Trust and is open to the public as a memorial to the district's pioneering days. All around the homestead are lovely established gardens and there is a cafe and farm produce sales.

There is also a brewery which offers a delicious range of boutique beer, wine and cider.

Find the business listing details HERE.

Find more Motels For Sale HERE.

Find the latest industry news HERE


MOTEL WITH AWESOME VIEWS, TOWNSVILLE CITY
Passive Investment opportunity with approved DA of 105 rooms, in prime location | Resort Brokers ID : INV007238
Melbourne Caretaking Only Opportunity at Two Modern Complexes | Resort Brokers ID : MRC007247
NEW FARM & KANGAROO POINT BUSINESS-ONLY MLR WITH $280K NET | Resort Brokers ID : MRB007240
Ideal Add-On! Two Premium Caretaking Only Complexes in West Melbourne | Resort Brokers ID : MRC007245
Award winning Quest Franchise with long lease and solid performance | Resort Brokers ID : LH007181
consistent performing holiday business + lifestyle in prime coast location | Resort Brokers ID : MR007230
Business For Sale - Caretaking Only - Sunshine Coast - ID 9056 BL
Two Business Only Management Rights in the Inner Western Suburbs of Brisbane | Resort Brokers ID : MRB007237
THE BIGGEST AND BEST REGIONAL ACCOMMODATION PROPERTY AND CONVENTION CENTRE | Resort Brokers ID : FH007221
Rare management rights opportunity-no office hours and minimal caretaking duties | Resort Brokers ID : MR007236
First time on the market, freehold caravan park | Resort Brokers ID : FH007201
2047ML - A CRACKING MOTEL THAT CONTINUES TO GROW
1994MF - CONSISTENTLY PROFITABLE, EASY TO RUN FREEHOLD MOTEL
Business For Sale - Permanent Complex in Family Friendly Neighbourhood - ID 9055 BL
Great North Side Complex
2710ML - SO CLOSE TO THE CITY, SUCH EASY ACCESS
2621ML - ANOTHER SUCCESS STORY IN SPITE OF THE BUG!