65-67 Wyndham Street, Shepparton, Victoria
Premier Accommodation Business for Sale
SOLD
Business Description
HTL Property, acting as exclusive agency, is pleased to offer for sale in one-line the leasehold interest in Wyndhamere Motel, 65 and 67 Maude Street, Shepparton.
Key Investment Highlights:
- Rare opportunity to secure leasehold interest in 3 properties operating in one-line under ‘Wyndhamere Motel’
- Comprising 46-keys including King Spa Rooms, Serviced Apartments and Standard rooms
- Central CBD location; positioned upon the main arterial road (Numurkah Road)
- Currently operated by 1834 Hotels; vacant possession attainable
- Amenities include fully-equipped restaurant, 3-bedroom managers residence, conference room, swimming pool and guest laundry
- Well-established economy which generated over $4.6 billion in GRP (2023)
- Goulburn Valley Health Services over 120,000 people and employs over 2,600
- Conveniently located within a days drive to Melbourne, Canberra and Sydney
- Popular stopover for commercial drivers, interstate travellers and tourists; mainline rail services from Melbourne direct to Shepparton and domestic airport
For further information regarding this sale, please reach out to the exclusive agent.
Business Summary
Key Investment Insights
1. Rare opportunity to acquire a leasehold interest in three properties operating as one under the well-known and established brand 'Wyndhamere Motel'.
2. Prime central CBD location on the main arterial road, providing high visibility and easy access for guests.
3. Diverse range of 46 modern and well-maintained accommodation options, including King Spa Rooms, Serviced Apartments and Standard Rooms, catering to a variety of guests.
4. Currently operated by reputable and experienced hotel management company, 1834 Hotels, with the potential for vacant possession.
5. Extensive amenities including a fully-equipped restaurant, 3-bedroom managers residence, conference room, swimming pool and guest laundry, providing a comfortable and convenient stay for guests.
6. Located in the thriving economy of Shepparton, which generated over $4.6 billion in Gross Regional Product in 2023, providing a strong and stable market for the accommodation business.
7. Close proximity to Goulburn Valley Health Services, a major employer in the region with over 120,000 people and 2,600 employees, providing a consistent demand for accommodation.
8. Conveniently located within a day's drive to major cities such as Melbourne, Canberra and Sydney, making it a popular stopover for commercial drivers, interstate travellers and tourists.
9. Easy access to mainline rail services from Melbourne direct to Shepparton and a domestic airport, providing convenient transportation options for guests.
10. Potential for future growth and development opportunities with the growing tourism industry in the region and the potential for expansion of the existing facilities.
