Beechworth, Victoria

BEECHWORTH'S LARGEST HERITAGE RESORT — FREEHOLD OPPORTUNITY, MAYDAY HILLS ESTATE | Resort Brokers ID : FH009367

$3,990,000

Business Description

Set across 3.04 hectares within Beechworth’s historic Mayday Hills Estate, The Grand Oaks Resort presents a rare freehold going concern opportunity combining established accommodation, hospitality and event facilities in Victoria’s High Country.

The 21-room resort trades at approximately 70% occupancy with a $140 average daily rate. Recent capital improvements include a bar refurbishment, guest room upgrades and the addition of a 21st room, providing a well-established platform for continued operations.

The property features a full-service restaurant and bar, function facilities for up to 350 guests, a swimming pool and a heritage chapel, offering multiple revenue streams and the opportunity to reactivate the wedding and events operation.

Further growth is supported by provision for up to 13 additional rooms, including completed architectural plans for five superior rooms within the existing building footprint. Additional upside exists through targeted room rate growth and renewed event bookings.

Positioned in one of Victoria’s premier heritage tourism destinations, with access to the High Country, Rutherglen wine region and alpine snowfields, The Grand Oaks Resort offers an established freehold asset with operational control and identifiable growth opportunities.

Contact Resort Brokers today to arrange a confidential inspection.

- Freehold going concern ownership with no lease risk and complete operational control over land, buildings and business.
- Trading at approximately 70% occupancy with a $140 average daily rate, supported by a loyal base of repeat guests and clear upside to grow returns through targeted rate growth.
- Set within the historic Mayday Hills Estate across 3.04 hectares of heritage gardens, with Beechworth's main street, cafes and galleries five minutes away.
- Recently refurbishedbar and guest rooms by the current owners, with the business ready for immediate handover requiring no capital expenditure.
- Provision for up to 13 additional rooms, with plans completed for five rooms under the existing roofline and a partially advanced expansion project ready to resume.
- Swimming pool and heritage chapel set among landscaped gardens, supporting longer stays, repeat visitation and on-site weddings.
- Adaptable function space accommodating up to 350 guests, offering the next owner the option to run events in-house, partner with local caterers, or lease the space independently.
- Positioned at the heart of Victoria's High Country tourism economy, with year-round appeal driven by the Beechworth wine region, alpine snowfields, and Beechworth's heritage attractions.
- Inspection by appointment only.
Date updated: 08 Nov 2026 23:00:14