Warracknabeal, Victoria
A Desirable Country Retreat Motel Not To Be Missed - 2397MF
REDUCED $1,190,000 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, making this business a desirable investment opportunity.
2. Successful Freehold Going Concern Motel with a track record of strong performance.
3. 11 room ground floor motel with undercover parking and convenient location near town and amenities.
4. Spacious three-bedroom, three-living room residence with its own man cave.
5. Situated on three titles and over 2,200 m2 of land, providing potential for future development.
6. Serene location on the Yarriambiack Creek adds to the appeal for guests and owners.
7. Warracknabeal is a central hub for grain production and farming, providing a steady stream of potential customers.
8. Rich history and well-preserved heritage buildings add to the unique character of the town.
9. Projections indicate potential for substantial property value growth in the region by 2029, making it a promising location for long-term investment.
10. Additional potential for development with an unused block of land included in the sale, valued at approximately $50,000.
11. Strong projected adjusted net profit for 2023/24, as provided by the vendor.
12. Contact Andrew from Tourism Brokers for further information or to arrange an inspection.
13. Property ID: 2397MF (quote when enquiring).
14. Property Code: 5220.
