Warracknabeal, Victoria
AN AMAZING LEASEHOLD HOTEL OPPORTUNITY AWAITS - 109HL
REDUCED LEASEHOLD $40,000
Business Description
Vendor wants sold. First three months rent free. 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.
Tourism Brokers are presenting this new 30 year Lease with what could be considered a very affordable buy in. The new buyer will need to purchase new equipment and furniture to restore the hotel back to an operational hotel, hence the low buy in price. You will also need to apply for a new liquor licence.
In return, the landlord will offer low rent and a new 30 year lease.
The Royal Mail Hotel in Warracknabeal is an iconic establishment in northwest Victoria. Being sold as a Leasehold Property, 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.
Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
Property ID: 109HL (quote when enquiring)
Property Code: 4696
Business Summary
Key Investment Insights
1. Leasehold sale of the Royal Mail Hotel in Warracknabeal, northwest Victoria, vendor motivated and wants sold.
2. New 30 year lease offered, landlord providing low rent and first three months rent free.
3. Low buy-in price due to requirement to purchase new equipment and furniture, and to apply for a new liquor licence.
4. Large double storey site on 2,203 m2, located on the town main street, providing high visibility and frontage.
5. Accommodation potential includes 13 rooms plus additional rentable spaces noted, with a later breakdown listing eight lettable rooms and a five-bedroom manager’s residence.
6. Strong on-site facilities include a comfortable public bar, bistro seating for over 70 patrons, a function room, commercial kitchen, and a brand-new rear beer garden.
7. Property has demonstrated historically strong consistent turnover and profitability, despite not currently operating.
8. High local demand drivers include harvest season, contractors and seasonal workers, and budget tourists visiting the Silo Art Trail.
9. Clear growth opportunities exist by leveraging regional tourism, local sporting clubs, and unmet accommodation demand.
10. Sale as a blank canvas suits an operator aiming to refurbish and reposition the hotel to add flair and increase returns.
