Warracknabeal, Victoria
AN AMAZING FREEHOLD HOTEL OPPORTUNITY AWAITS - 109HF
REDUCED FREEHOLD $599,000
Business Description
The Royal Mail Hotel in Warracknabeal is an iconic establishment in northwest Victoria.
Being sold as a Freehold Property (vacant possession), and not currently operating, this allows the purchaser a blank canvas to add your own flair to create a desirable hotel where locals and travelling guests can call in and enjoy the warm hospitality of this amazing historical property.
This large double storey hotel sits on 2,203 m2 of land and is situated in the main street of the town and boasts a comfortable public bar, bistro seating over 70, function room, excellent brand-new rear beer garden, 8 lettable accommodation rooms, commercial kitchen and a five-bedroom manager’s residence.
The hotel has demonstrated strong consistent turnover, profitability and offers the potential for continued growth. Capitalize on the huge tourism generated by the Silo Art Trail, tap into the towns sporting clubs and grasp the huge demand for accommodation currently in this regional area.
Vendor wants sold. This is a blank canvas for the right person to add their own flair to a solid, well located property.
Demand for accommodation is high in this well serviced country town. Think harvest season, contractors, seasonal workers, tourists on a budget sightseeing the silo trail.
13 rooms plus available to rent out, plenty of amenities for guests, including kitchen areas and communal lounge. The opportunities are endless.
NOTE: FREEHOLD - VACANT POSSESSION
Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
Property ID: 109HF (quote when enquiring)
Property Code: 4643
Business Summary
Key Investment Insights
1. The Royal Mail Hotel is an iconic establishment in northwest Victoria.
2. The property is being sold as a Freehold (vacant possession).
3. The hotel is not currently operating, allowing the purchaser to add their own flair and create a desirable hotel.
4. The hotel is situated on a large double storey property with 2,203 m2 of land.
5. The hotel features a comfortable public bar, bistro, function room, brand-new rear beer garden, and 8 lettable accommodation rooms.
6. The hotel also includes a commercial kitchen and a five-bedroom manager's residence.
7. The hotel has a history of strong consistent turnover and profitability.
8. The property offers potential for continued growth, particularly with the popularity of the Silo Art Trail and demand for accommodation in the region.
9. The vendor is motivated to sell.
10. The property is well-located in the main street of the town and is well-serviced.
11. The property has 13 rooms available for rent, with plenty of amenities for guests.
12. The property has potential for various uses, including catering to harvest season, contractors, seasonal workers, and tourists.
13. The property is being sold as a Freehold with vacant possession.
14. Interested parties can contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
15. The Property ID is 109HF.
16. The Property Code is 4643.
