65-67 Derby Road, Maryborough, Victoria

LEASEHOLD SALE - Wattle Grove Motel, Maryborough VIC - 1P0128

Leasehold - Offers over $275,000

Property Description

EXCLUSIVE TO MHB

Brand new 25 year lease direct from the owner!

Beautifully presented, this excellent leasehold motel business is an outstanding accommodation offering.

The Wattle Grove Motel is ideally located in the large country town of Maryborough within the Central Goldfields area of Victoria and is less than approx. 2 hours from Melbourne and 45 minutes from the regional cities of Bendigo and Ballarat.

Maryborough has a thriving business centre with great shopping facilities and many unique attractions such as Paddy's Ranges State Park, Goldfields Reservoir, the Pyrenees Wineries and is set within the centre of the Golden Triangle (Gold prospecting is a major attraction in this area).

The motel benefits both from tourists on the tourist Trail through the Maryborough, Daylesford, Bendigo & Ballarat area, and enjoys good occupancy during the week and weekends with local infrastructure workers both on a long-term or short-term basis.

With a picturesque award-winning garden, the motel features 11 newly renovated accommodation rooms with en-suites and split system heating and cooling, outdoor dining, BBQ & pergola facilities and offers free parking with room for trade vehicles.

A newly renovated and fully self-contained 140 m² (approx.) 3-bedroom Villa (or optional managers residence) featuring a fully equipped kitchen & dining area, spacious living room, large bathroom, additional toilet with full laundry facilities plus an undercover patio area completes the package.

Key Features:

* Brand new 25 year lease
* Approx. 56% buyers yield
* 11 newly renovated rooms
* Split system heating & cooling in all suites
* Strong and consistent revenue and profitability
* Ideally located within popular tourism region
* Outdoor dining, BBQ and pergola facilities
* Ample free parking spaces for 18 cars, trucks and larger vehicles
* Only 500 m from the walking trails at the goldfields Reservoir
* The Shire benefits from new bike trails as a major tourist attraction
* Fully self-contained 3-bedroom Villa (or managers residence)

A highly profitable business, this impressive motel attracts many repeat bookings and can be managed by one, or easily by a couple.

https://www.youtube.com/watch?v=5W7l4-hS9qA

*Freehold option also available.

Contact Evan Stewart at MHB to arrange an inspection.

Property Summary

Motel Information

Other Features / Notes

Leasehold, Motel, VIC - North West
Marketing Agent
McDonald Hospitality Brokers (MHB)

McDonald Hospitality Brokers (MHB)

Listing location
Gallery

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