Donald, Victoria
2604MF - Fresh Country Air Awaits with a Handy Income
SOLD
Business Description
- A great opportunity to buy a Freehold motel with river views!
- Excellent 3 bedroom residence, with double lock up garage.
- Ideal for mum and dad operation, save on wages.
- Easy to run bed and breakfast motel for the owners with all the hard work done.
- 7 motel rooms with space for up to 3 more rooms (STCA).
- Adjoining land for sale also 2,113 m2 with car shedding and old service station.
- 16 % ROI
- Close to town in main street
- Rooms have balconies with river views
- Solid country town with regular sporting events
Donald affords a truly rural lifestyle halfway between Melbourne and Mildura. It is situated within an agricultural region known for its wheat, barley and lamb production. It is surrounded by a number of lakes including the huge Lake Buloke which is a haven for local birdlife and is located around 8 kilometres north of the town.
It boasts a small but vibrant community where the "Welcome Mat" is always out, a safe environment to raise a family, affordable housing and services that will enhance your way of life.
With easy access to large regional centres like Horsham, Bendigo and Ballarat, and an easy drive to the Murray River, it’s worth considering a move to Donald to experience the best that small rural communities have to offer.
Net Profit: $102,079 for 2018/19
Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2604MF (quote when enquiring)
Property Code: 3321
Business Summary
Key Investment Insights
1. Excellent 3 bedroom residence with double lock up garage provides comfortable living for owners.
2. Ideal for a family-run operation, allowing for cost savings on wages.
3. Bed and breakfast motel setup makes for an easy-to-run business with minimal effort.
4. Potential to expand with space for up to 3 more rooms (subject to council approval).
5. Adjoining land for sale also offers potential for additional income streams.
6. High return on investment at 16%.
7. Convenient location in the main street of town, close to amenities.
8. Rooms with balconies offer scenic views of the nearby river.
9. Solid country town with regular sporting events provides a sense of community.
10. Easy access to large regional centres and the Murray River offers a variety of leisure activities.
11. Net profit of $102,079 for the 2018/19 financial year.
12. Welcoming and safe environment for families, with affordable housing and services.
13. Potential for a tree change and a more relaxed rural lifestyle.
14. Property ID: 2604MF.
