Warracknabeal, Victoria

AN AMAZING LEASEHOLD HOTEL OPPORTUNITY AWAITS - 109HL

UNDER CONTRACT

Business Description

LEASEHOLD HOTEL

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 2,203m2 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 Michael Philpott from Tourism Brokers for further information or to arrange an inspection.

Property ID: 109HL (quote when enquiring)

Property Code: 4696

Business Summary

Marketing Agent

Michael Philpott

Tourism Brokers

Key Investment Insights

AI generated. Confirm details with the seller.

1. New 30 year lease offered with low rent and the first three months rent free.
2. Low advertised buy in reflects the need for new equipment, furniture and a new liquor licence before reopening.
3. Iconic historical Royal Mail Hotel occupies a main street position in Warracknabeal, northwest Victoria.
4. Large double storey property occupies 2,203 square metres, with a public bar, commercial kitchen and bistro seating over 70.
5. Function room and brand new rear beer garden provide additional hospitality spaces.
6. Guest accommodation includes kitchen areas and a communal lounge, alongside a five bedroom manager’s residence.
7. Listing reports high regional accommodation demand from harvest workers, contractors, seasonal workers and budget tourists.
8. Nearby Silo Art Trail tourism and town sporting clubs offer identified opportunities to attract guests and patrons.
9. Currently nonoperational, the hotel offers purchasers scope to establish their own hospitality concept.
10. The listing reports historically strong, consistent turnover and profitability, rather than current operating results.