Horsham, Victoria
2493MF - GOLDEN FREEHOLD OPPORTUNITY - WHOPPING 15% RETURN
SOLD
Business Description
- 17 comfortable rooms.
- Carrying the popular Budget brand.
- An excellent country occupancy of 62%.
It's not all about the flim flam and bright lights! This one just plugs away at being what it is - a small country motel in a major regional town filling beds every night - with heaps of repeat business.
It it's bright lights, perhaps the casino is for you.
But then, that would be a gamble.... yes?
Buyers are reminded that in Victoria there is no stamp duty on leaseholds, and market reviews can see rent reduce. Two areas where you can save big compared to elsewhere!
Net profit $148,733 for 2015/16
Contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2493MF (quote when enquiring)
Location: Horsham, known as the capital of the Wimmera, with Green Lake as the gateway to the region provides a fantastic location for family recreational activity. Located on the banks of the Wimmera River it is a handy base to explore the region's nearby natural attractions. You will find art festivals, musical performances, a superb art gallery, excellent theatre along with major sporting events and family-friendly activities. The wider region offers scenic bushland, mountains and waterways. Wartook Valley, in the Grampians, and the Black Range State Park are a picturesque short drive away.
The Horsham Rural City is a progressive, engaged and rapidly developing municipality. Situated in the Melbourne - Adelaide corridor this major regional city boasts an entrepreneurial spirit with a strong vision for its long-term future through an innovative 'can do' attitude.
Whilst agriculture has long provided the backbone of the region's economy, retail trade, manufacturing, business and professional services, health and community services, education and tourism all contribute significantly to the Horsham Rural City's dynamic and diverse business mix.
Property Code: 2341
Business Summary
Key Investment Insights
1. Golden freehold opportunity with a whopping 15% return on investment.
2. 17 comfortable rooms carrying the popular Budget brand.
3. Excellent country occupancy rate of 62%.
4. Strong repeat business from satisfied customers.
5. Located in a major regional town with easy access to natural attractions.
6. No stamp duty on leaseholds in Victoria.
7. Potential for rent reduction through market reviews.
8. Net profit of $148,733 for 2015/16.
9. Opportunity for further growth and development in the rapidly developing municipality.
10. Diverse business mix in the region, including agriculture, retail, manufacturing, and tourism.
11. Strong community spirit and innovative attitude towards business.
12. Close proximity to major cities Melbourne and Adelaide.
13. Scenic surroundings and recreational activities available in the area.
14. Potential for long-term success and profitability in the hospitality industry.
15. Experienced and knowledgeable brokers available for further information and inspection.
