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. The vendor is motivated to sell and is offering the first three months rent-free.
2. The property is located in a well-serviced country town with high demand for accommodation.
3. There are 13 rooms available for rent, with potential for more.
4. The property has a range of amenities for guests, including kitchen areas and a communal lounge.
5. The lease is for 30 years and is considered to be affordable.
6. The new buyer will need to purchase new equipment and furniture to restore the hotel to an operational state.
7. The landlord is offering low rent and a new 30 year lease.
8. The Royal Mail Hotel is an iconic establishment in northwest Victoria.
9. The property is currently not operating, allowing for the purchaser to add their own flair.
10. The hotel has a comfortable public bar, bistro, function room, beer garden, and accommodation rooms.
11. The hotel has demonstrated strong consistent turnover and profitability.
12. The property is situated in the main street of the town.
13. The hotel has potential for continued growth, particularly with the Silo Art Trail and demand for accommodation in the region.
14. The property is being sold through Tourism Brokers.
15. The property has a unique historical charm.
16. The property includes a five-bedroom manager's residence.
17. The property sits on a large 2,203 m2 of land.
18. The property has a commercial kitchen.
19. The potential for tapping into the town's sporting clubs for business.
20. The property has a unique opportunity for someone to create a desirable hotel with warm hospitality.
