Warracknabeal, Victoria
A Desirable Country Retreat Motel Not To Be Missed - 2397MF
REDUCED $1,200,000 wiwo
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. Strong demand for quality motels in the current market
2. Successful and profitable Freehold Going Concern Motel
3. 11 room ground floor motel with undercover parking
4. Close proximity to town and all necessary facilities
5. Spacious and well-appointed three-bedroom residence with man cave
6. Three titles and over 2,200 m2 of land
7. Serene location on Yarriambiack Creek
8. Central hub for grain production and farming in the region
9. Rich history and well-preserved heritage buildings add to unique character
10. Potential for substantial property value growth in the region by 2029
11. Additional development potential with unused block of land included in sale
12. Adjusted net profit of $162,839 projected for 2023/24
13. Contact Andrew from Tourism Brokers for further information or to arrange an inspection
14. Property ID: 2397MF
15. Property Code: 5220
