Rainbow, Victoria
2653MF - THERE REALLY IS A POT OF GOLD AT THE BOTTOM OF THE RAINBOW
SOLD
Business Description
FREEHOLD GOING CONCERN MOTEL
- Are you looking for that pot of gold?
- Rainbow offers so much opportunity for an investor getting into the Freehold market.
- A country town that has a big heart and a relaxed lifestyle.
- Located approximately 400 km North West of Melbourne.
- 10 ground floor rooms, with new paint and all mod cons.
- Indoor swimming pool, barbeque area and huge back yard for truck parking.
- Lots of shedding and storage space.
- 3 bedroom comfortable home, separate from the motel and reception.
- The only motel for 40 kms radius.
- New microbrewery being built in town.
- Plenty of sporting facilities and healthcare facilities.
Net Profit: $100,534 for 2019/20
Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2653MF (quote when enquiring)
Location: Rainbow is located in the southern Mallee district of Victoria, approximately 400km north west of Melbourne. Situated in a rich agricultural landscape, right on the edge of the Big Desert and its vast Mallee wilderness areas, Rainbow is the perfect base to explore the beautiful Wyperfeld National Park as well as nearby Lake Hindmarsh and Lake Albacutya.
Property Code: 3750
Business Summary
Key Investment Insights
1. Rainbow is a country town with a relaxed lifestyle and plenty of opportunities for investors in the Freehold market.
2. The motel has 10 ground floor rooms with modern amenities and a new coat of paint.
3. The property also features an indoor swimming pool, barbeque area, and a large backyard for truck parking.
4. There is ample storage space and shedding on the property.
5. The motel includes a separate 3 bedroom home for the owner or manager.
6. It is the only motel within a 40km radius, providing a unique opportunity for business.
7. A new microbrewery is being built in town, potentially bringing in more tourists and customers.
8. Rainbow has plenty of sporting and healthcare facilities, making it an attractive destination for travelers.
9. The net profit for 2019/20 was $100,534.
10. The property is listed as ID 2653MF and interested parties can contact Andrew Cronin from Tourism Brokers for more information or to arrange an inspection.
11. Rainbow is located in the southern Mallee district of Victoria, known for its rich agricultural landscape and proximity to wilderness areas.
12. It is also close to popular attractions such as Wyperfeld National Park and Lake Hindmarsh.
13. The property is listed under property code 3750.
