54-60 Towong Road, Corryong, Victoria
UNDER OFFER - Corryong Hotel Motel, VIC - 1P0501
Leasehold - $175,000
Business Description
Fantastic Leasehold Hotel Motel Opportunity in Victoria`s High Country.
Key Features:
* Extended 21 x year lease with rent @ 6.5% of turnover
* Highly profitable 12 motel units showing +15% occupancy growth since 2022
* Current motel occupancy 2025 YTD = 74% with room for further growth
* Motel accommodation a standout across rental outgoings and sales revenue
* Favourable revenue department split of 19% accommodation, 38% beverage
& 43% food
* Outstanding annual revenue of approx. $1.9M Circa 2024
* Extensive equipment upgrades throughout
* As-new outdoor deck refreshed including upgraded new outdoor furniture
* Immaculately maintained yard and garden areas
* Large 3 x bedroom, 1 bathroom two storey residence, perfect for family living
* Home of The Man From Snowy River Bush Festival and other yearly events
* Stunning location surrounded by scenic mountains, rivers, waterfalls and
national parks
* Limited motel accommodation with only 2 other motels in Corryong with a
total of 25 rooms between them
Contact Mitch Harris, the Exclusive Agent, at MHB direct on ---------- to book an inspection.
Business Summary
Other Features / Notes
Country Pubs, EXCLUSIVE, LEASEHOLD, Under Offer, VIC - North EastKey Investment Insights
1. Extended 21-year lease with rent based on 6.5% of turnover
2. Highly profitable 12 motel units with 15% occupancy growth since 2022
3. Motel occupancy at 74% with potential for further growth
4. Motel accommodation a standout in terms of rental outgoings and sales revenue
5. Favorable revenue department split of 19% accommodation, 38% beverage, and 43% food
6. Annual revenue of approximately $1.9 million
7. Extensive equipment upgrades and as-new outdoor deck with new furniture
8. Immaculately maintained yard and garden areas
9. Large 3-bedroom, 1-bathroom residence perfect for family living
10. Home of The Man From Snowy River Bush Festival and other yearly events
11. Stunning location surrounded by scenic mountains, rivers, waterfalls, and national parks
12. Limited motel accommodation in the area with only 2 other motels in Corryong with a total of 25 rooms between them.
