Nhill, Victoria
A Thriving Leasehold Motel - 2409ML
LEASEHOLD $1,250,000
Business Description
A charming 3.5-star motel located half between Melbourne (373kms) and Adelaide (354 kms), less than 5 hours drive.
- 28 well-appointed guest rooms: Each room features modern amenities including air conditioning, flat-screen TVs, Wi-Fi, and comfortable furnishings. Room options include queen, twin, and family layouts, catering to a range of guests.
- Owner's Residence: Enjoy the added convenience of a private, onsite owner’s residence. Ideal for hands-on management.
- Additional Facilities: A restaurant is onsite, but not currently in operation, spacious parking for guests, and a shaded BBQ and pool area for relaxing and social gatherings.
- Prime Location: Situated on the main highway, the Motel benefits from excellent visibility and easy access for travellers. Close to local attractions such as the Little Desert National Park, largest single bin silo and annual events such as Nhill Cup horse races, Agricultural and Pastoral show and the Nhill Aviation Heritage museum, and essential services in Nhill.
- Benefit from a $15m hospital upgrade and new Windfarm project in the pipelines for Nhill also.
Net Profit: $343,603 for 2023/24
Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2409ML (quote when enquiring)
Property Code: 5079
Business Summary
Key Investment Insights
1. Prime location on main highway, providing excellent visibility and easy access for travellers.
2. 28 well-appointed guest rooms, catering to a range of guests with modern amenities such as air conditioning, flat-screen TVs, and Wi-Fi.
3. Private, onsite owner's residence for added convenience and hands-on management.
4. Additional facilities including an onsite restaurant (currently not in operation), spacious parking, and a shaded BBQ and pool area for relaxation and social gatherings.
5. Close proximity to local attractions such as the Little Desert National Park, largest single bin silo, and annual events like the Nhill Cup horse races and Agricultural and Pastoral show.
6. Benefit from a $15m hospital upgrade and new Windfarm project in the pipelines for Nhill.
7. Net profit of $343,603 projected for 2023/24.
8. Opportunity for growth and potential to increase revenue through reopening the onsite restaurant and targeting specific markets such as corporate travelers or tour groups.
9. Established and well-maintained business with a loyal customer base.
10. Potential for hands-on management or to run as a passive investment.
