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. Vendor motivated to sell, advertised as leasehold opportunity with first three months rent free.
2. New 30 year lease offered, landlord proposing low rent, supporting long-term tenure and cashflow stability.
3. Low buy-in price due to requirement for purchaser to buy new equipment and furniture, clear capital expenditure expectation.
4. Purchaser must apply for a new liquor licence, presents regulatory step before reopening.
5. Property currently not operating, providing a blank canvas to renovate and reposition the hotel.
6. High local demand for accommodation from harvest season, contractors, seasonal workers, and budget tourists visiting the Silo Art Trail.
7. Established historical asset, the Royal Mail Hotel in Warracknabeal, located on the town’s main street, enhancing visibility and walk-in trade.
8. Large double storey site on 2,203 m2, offering substantial footprint for guest amenities and outdoor areas.
9. Public bar, bistro seating for over 70, function room, and a brand-new rear beer garden provide multiple revenue streams and event capability.
10. Accommodation capacity described as 13 rooms plus available to rent out, and listing specifics include 8 lettable rooms plus a five-bedroom manager’s residence, indicating significant on-site lodging and owner accommodation.
11. Commercial kitchen in place, facilitating food and beverage operations with potential for immediate F&B revenue once refitted.
12. Prior demonstrated strong turnover and profitability, with clear growth upside by leveraging tourism, sporting clubs, and ongoing regional accommodation shortages.
