Warracknabeal, Victoria
AN AMAZING LEASEHOLD HOTEL OPPORTUNITY AWAITS - 109HL
UNDER CONTRACT
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 Michael Philpott 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 offering a new 30 year lease, low rent from landlord, vendor motivated to sell.
2. Incentive of first three months rent free available to buyer.
3. Affordable buy-in reflecting requirement to purchase new equipment and furniture and restore operations.
4. Buyer must apply for a new liquor licence, property not currently operating as a licensed venue.
5. Iconic historic Royal Mail Hotel in Warracknabeal, positioned on the town’s main street.
6. Large double-storey building on 2,203 m2 of land, providing substantial footprint for operations and outdoor areas.
7. Existing facilities include a comfortable public bar, bistro seating for over 70, a function room, commercial kitchen, and a brand-new rear beer garden.
8. Accommodation capacity noted as 13 rooms plus available to rent out, with a separate notation of 8 lettable rooms and a five-bedroom manager’s residence.
9. Strong historical turnover and profitability reported, despite current non-operational status.
10. High local accommodation demand from harvest season, contractors, seasonal workers, sporting clubs and budget tourists visiting the Silo Art Trail.
11. Described as a blank canvas opportunity for a new operator to add flair and capture continued growth potential.
