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 a well-known and iconic establishment in northwest Victoria.
2. The property is being sold as a Freehold, providing the purchaser with a blank canvas to create their own unique hotel.
3. The hotel is currently not operating, allowing for immediate possession and the opportunity to start fresh.
4. The property is located in the main street of Warracknabeal, providing high visibility and easy access for patrons.
5. The hotel features a comfortable public bar, bistro, function room, brand-new beer garden, accommodation rooms, commercial kitchen, and a manager's residence.
6. The hotel has a history of strong and consistent turnover and profitability, with potential for further growth.
7. The Silo Art Trail, a popular tourist attraction, provides a steady stream of potential customers for the hotel.
8. The hotel is well-positioned to tap into the demand for accommodation in the regional area, particularly during peak seasons such as harvest time.
9. The property offers 13 rentable rooms, with additional amenities such as kitchen areas and a communal lounge.
10. The vendor is motivated to sell, providing an excellent opportunity for the right buyer to add their own flair to the property.
11. Warracknabeal is a well-serviced country town, providing a steady demand for accommodation from various sources.
12. The property is being sold with vacant possession, providing a hassle-free transition for the new owner.
13. Interested buyers can contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
14. Property ID: 109HF should be quoted when enquiring about the property.
15. The property is listed under Property Code: 4643.
