Warracknabeal, Victoria
A Desirable Country Retreat Motel Not To Be Missed - 2397MF
SOLD
Business Description
- Demand for quality motels has never been stronger.
- A Freehold Going Concern Motel that has performed strongly.
- A fantastic 11 room ground floor motel, with undercover parking and close to town and all facilities.
- And a three-bedroom, three-living room residence that even has it’s own man cave.
- On three titles and over 2,200 m2 of land.
- Situated on the Yarriambiack Creek, a very serene area for guests and owners.
- The town serves as a central hub for grain production and farming in the region.
- It boasts a rich history, evident in its well-preserved heritage buildings and museums, adding to its unique character.
- Projections indicate that regional areas like Warracknabeal may experience substantial property value growth by 2029, making it a promising location for long-term investment.
Additional to the sale of the Freehold Going Concern motel is the unused block of land, approximately 430m2 development potential (STCA), which could allow for an extra 4 units or another residence. Valued at approximately $50,000.
Adjusted Net Profit: $162,839 for 2023/24 (as provided by vendor)
Contact Andrew from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2397MF (quote when enquiring)
Property Code: 5220
Business Summary
Key Investment Insights
1. Freehold going concern motel with documented strong performance, offering ownership of land and business together.
2. 11 ground-floor motel rooms, simplifying access and maintenance, with undercover parking for guests.
3. Close proximity to town and local facilities, supporting convenience for guests and steady occupancy.
4. On three separate titles spanning over 2,200 m2, providing scale and potential asset security.
5. Includes a large three-bedroom residence with three living areas and a dedicated man cave, offering owner accommodation or rental flexibility.
6. Located on the Yarriambiack Creek, providing a serene riverside setting that enhances guest appeal.
7. Town functions as a central hub for regional grain production and farming, supporting consistent demand from business and agricultural travellers.
8. Well-preserved heritage buildings and museums in town add unique character and tourism appeal to the location.
9. Vendor-stated adjusted net profit of $162,839 for 2023/24, giving a recent profit benchmark for valuation and yield calculations.
10. Unused approx. 430 m2 block included, with development potential for about four additional units or a residence subject to council approval, offering clear upside.
11. The undeveloped block is separately valued at approximately $50,000, quantifying immediate land value within the sale.
12. Regional property growth projections to 2029, specifically cited for areas like Warracknabeal, suggest potential long-term capital appreciation for the investment.
