Dimboola, Victoria
2696MF - ONLY MOTEL IN TOWN, A GREAT FREEHOLD OPPORTUNITY WITH 16.5% ROI
SOLD
Business Description
- Travellers’ destination between Melbourne and Adelaide, off the main Highway.
- 18 comfortable and quiet ground floor rooms – all double brick.
- 3 acres with loads of parking for trucks and buses.
- 4 bedrooms residence with modern kitchen, 2 bathrooms, and separate laundry.
- Beautiful saltwater pool, ideal for the warmer months.
- Games room, guest laundry and workers kitchenette/barbeque area.
- FHGC under $1m are rare, and don’t normally stay on the market too long.
- Well below building cost.
- Freehold Motel.
Dimboola is a quiet wheatbelt service centre located on the Wimmera River at the north-eastern edge of the Little Desert National Park, about halfway between Nhill and the large town of Horsham. Dimboola is surrounded by fields of wheat and cereal crops, as well as some sheep farms. These are industries which have been the lifeblood of the town back to the mid-1800’s when the area was originally known as Nine Creeks.
Net profit: $155,290 for 2018/19
Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2696MF (quote when enquiring)
Property Code: 4097
Business Summary
Key Investment Insights
1. Only motel in town, providing a unique opportunity for potential buyers.
2. High return on investment (16.5%) compared to industry average.
3. Located in a popular travellers' destination between Melbourne and Adelaide.
4. Off the main highway, providing a peaceful and quiet atmosphere for guests.
5. 18 comfortable and quiet ground floor rooms, all made of double brick for added privacy.
6. Large property with 3 acres of land, providing ample parking for trucks and buses.
7. Includes a spacious 4-bedroom residence with modern amenities.
8. Features a beautiful saltwater pool, a desirable amenity for guests during warmer months.
9. Additional facilities such as a games room, guest laundry, and workers kitchenette/barbeque area.
10. Rare opportunity to purchase a freehold motel for under $1 million.
11. Well below building cost, providing potential for future growth and increased value.
12. Located in a quiet wheatbelt service centre with a rich history and surrounded by agricultural industries.
13. Net profit of $155,290 for the 2018/19 financial year.
14. Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
15. Property ID: 2696MF (quote when enquiring).
16. Property Code: 4097.
