235-249 Tone Road, Wangaratta, Victoria
Under Offer - Gardenview Lodge
Expressions of Interest
Business Description
CRE Brokers are delighted to be appointed as the exclusive agency for the leasehold business interest of the Gardenview Lodge Holiday Villas & Apartments.
Ideally situated as the first accommodation choice for northbound travellers on the Hume Freeway, this property is located in the charming rural city of Wangaratta, in the picturesque North East Victoria region.
Set amidst five acres of tranquil gardens, Gardenview Lodge Holiday Villas & Apartments offers a diverse range of accommodation options across 32 rooms including budget-friendly retro motel rooms, executive and family villas, self-contained apartments and cosy studio cabins.
The business generates strong cash flow across a wide range of price points, attracting budget-conscious travellers, couples, families, workers, tradespeople, and small groups seeking value.
Additionally, the property features a spacious three-bedroom, two-bathroom manager's residence, a guest dining/breakfast room, an in-ground swimming pool, a fully equipped guest laundry, and ample parking at each door, with dedicated space for long vehicles.
With significant potential for growth, the expansive grounds offer opportunities to substantially increase the existing cabin/villa stock or develop numerous powered caravan park sites (subject to council approval).
For more details on this exceptional opportunity, contact CRE Brokers to request our Information Memorandum.
Business Summary
Other Features / Notes
A:LEASEHOLD, B:MOTEL, C:VIC - North EastKey Investment Insights
1. Leasehold business interest being sold, currently listed under offer, with CRE Brokers as exclusive agent.
2. Prime highway frontage position as the first accommodation choice for northbound travellers on the Hume Freeway, supporting strong transient occupancy.
3. Located in Wangaratta, North East Victoria, a picturesque regional centre likely to attract leisure and visiting markets.
4. Large five acre site of established gardens providing a tranquil setting and potential amenity value.
5. 32-room mixed-product portfolio including retro budget motel rooms, executive and family villas, self-contained apartments and studio cabins, enabling multi-segment revenue.
6. Demonstrated strong cash flow across a range of price points, attracting budget travellers, couples, families, workers, tradespeople and small groups.
7. On-site three-bedroom, two-bathroom manager’s residence supports hands-on management and reduces staffing accommodation costs.
8. Guest facilities include a dining/breakfast room, in-ground swimming pool and fully equipped guest laundry, enhancing guest experience and ancillary revenue opportunities.
9. Ample on-site parking with space at each door and dedicated long-vehicle bays, making the property attractive to tradespeople and caravan/towing guests.
10. Significant development upside on expansive grounds, with scope to add cabins or substantially increase villa stock, or to develop powered caravan park sites, subject to council approval.
