St Arnaud, Victoria
REMEMBER ME, NOW WITH A 20 YEAR LEASE - AND JUST $399K - 2498ML
SOLD
Business Description
Still an easy run 14 room property, travelling well and fully back in business after the pandemic.
It sits about an hour from Ballarat, Bendigo and Horsham
Showing solid occupancies and improved room rates, it’s the perfect property to start your motel ownership at very low risk.
A three bedroom residence is part of the deal.
No longer working for the man.
You’re the Boss!
Net profit $144,314 for 2022/23
Contact Annette Adams and Reg Partington from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2498ML (quote when enquiring)
Location: St Arnaud is a substantial country town of some 3,000 people located at the south-eastern edge of the Mallee plains, between Donald and Avoca on the Sunraysia Highway, 235 km north-west of Melbourne and 239 metres above sea-level. It is a service centre to a district focused on mixed farming, merino wool, grains, legumes and vineyards. The district around St Arnaud supports an agricultural industry of sheep grazing, grains and wineries, with forested areas to the south and open Mallee plains to the north. Over the years, modern facilities have been subtly introduced to the town, without detracting from the old world character and charm associated with its past history. Major Events: Festival of St Arnaud - November; St Arnaud Agricultural Show - October; St Arnaud Country Music Festival - November; St Arnaud Harness Racing Pacing Cup - November; Easter Tennis Tournament - Easter
Property Code: 4736
Business Summary
Key Investment Insights
1. The property is located in a strategic location, with easy access to major cities such as Ballarat, Bendigo, and Horsham.
2. The property has shown resilience during the pandemic, with solid occupancies and improved room rates.
3. The property has a long-term lease of 20 years, providing stability and security for potential buyers.
4. The property has a diverse customer base, catering to both business and leisure travelers.
5. The sale includes a three-bedroom residence, providing potential for owner accommodation.
6. The property has a strong net profit of $144,314 for the 2022/23 financial year.
7. The property is an ideal opportunity for first-time motel owners, with low risk and easy operation.
8. The town of St Arnaud has a strong agricultural industry, providing potential for business from local farmers and wineries.
9. The town has a mix of modern facilities and old-world charm, making it an attractive destination for tourists.
10. The town hosts several major events throughout the year, providing potential for increased occupancy and revenue for the property.
