Korumburra, Victoria

2447ML - NOT JUST A 26 BEDDER, 90 MINUTES FROM MELBOURNE

SOLD

Business Description

  • It's the only motel in town.
  • A town where business growth is taking off..
  • But even before this, the motel has excellent trade..
  • There's a three bedroom residence or two with another room to sell.

It's smack dab in the middle of a town surrounded by rolling hills where a lot of cows live, yet only 30 minutes away from the beaches of Inverloch, the inspirations of Wilson's Prom and the hustle of Philip Island.

With agreed overseas investment, Korumburra is about to become the export centre for quality dairy product into the close Asian markets. Such potential, and so close to Melbourne.

Ticking a few boxes?

Call me, just call me.

Net profit $151,434 for 2014/15

Contact Reg Partington from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2447ML (quote when enquiring)

Location: Korumburra is a charming township set amongst the rolling green hillsides of South Gippsland. Located just a 90 minute drive from Melbourne, this friendly country township is a long way from the hustle and bustle of suburban life, but is accessible enough to make daily commuting to the suburbs an easy possibility.

With a population of over 3,200, Korumburra is big enough to supply most service needs, but is still small enough to retain a relaxed, country lifestyle. Korumburra is second only to Leongatha as the largest urban settlement in the South Gippsland Shire. The towns are located just a short fifteen minute drive apart.

The town was an important black coal mining centre in the late 1800's, but as that industry declined, Korumburra turned to dairying due to its fertile soils and reliable rainfall, allowing cattle to graze on rich, green pastures all year round. Burra Foods operate a large factory in Korumburra, producing a range of dairy ingredients including milk, cream, yoghurt and cheese.

Property Code: 1999

Business Summary

Marketing Agent
Reg Partington
Reg Partington

Key Investment Insights

Key insights for business for sale listing 2447ML - NOT JUST A 26 BEDDER, 90 MINUTES FROM MELBOURNE:

1. Only motel in town: This motel is the only accommodation option in the town of Korumburra, making it a highly sought-after destination for travelers.

2. Growing business: The town of Korumburra is experiencing business growth, making it an ideal location for investment and potential for increased demand for accommodation.

3. Strong trade history: The motel has a strong trade history, indicating a stable and reliable source of income for potential buyers.

4. Additional residence: The property includes a three bedroom residence, providing the opportunity for a new owner to live on-site or use the space for additional income by renting it out.

5. Ideal location: The motel is centrally located in a town surrounded by rolling hills, with easy access to popular tourist destinations such as Inverloch, Wilson's Prom, and Phillip Island.

6. Potential for export market: With plans for overseas investment in the town, Korumburra is set to become a major export center for dairy products, providing potential for increased business and demand for accommodation.

7. Net profit: The motel has a net profit of $151,434 for the 2014/15 financial year, indicating a profitable and successful business.

8. Small town charm: Korumburra offers a relaxed, country lifestyle with a population of just over 3,200, making it an attractive destination for both tourists and potential buyers.

9. Diversified economy: While the town was historically a coal mining center, it has now shifted to focus on dairy farming and production, providing a diverse and stable economy.

10. Easy access to Melbourne: The town is located just 90 minutes from Melbourne, making it easily accessible for both tourists and potential buyers.

11. Property code: The property has a designated property code (1999), making it easy for interested buyers
Listing location

This Business is sold

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