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. 30-year leasehold offered, landlord proposing low rent, first three months rent free as vendor incentive.
2. Affordable buy-in price due to requirement to purchase new equipment and furniture, and to apply for a new liquor licence.
3. Blank canvas opportunity; property currently not operating, allowing substantial refurbishment and rebranding upside.
4. Historic Royal Mail Hotel in Warracknabeal, northwest Victoria, located on the town’s main street, enhancing visibility and foot traffic.
5. Large double-storey site on 2,203m2, providing scope for expansion, outdoor activation and guest amenities.
6. Accommodation configuration totals 13 rooms including eight lettable guest rooms and a five-bedroom manager’s residence.
7. Strong on-site hospitality infrastructure, including a comfortable public bar, bistro seating for over 70, function room, commercial kitchen and a brand-new rear beer garden.
8. Proven track record of strong, consistent turnover and profitability, indicating an established revenue base to rebuild upon.
9. High local demand drivers including harvest season, contractors, seasonal workers and budget tourists visiting the Silo Art Trail.
10. Clear growth levers: capitalise on Silo Art Trail tourism, service local sporting clubs, and expand accommodation and events trade.