Warrnambool, Victoria
A QUICK SALE IS A PREFERRED OUTCOME, MOTIVATED VENDOR - 2404ML
SOLD
Business Description
- The City Heart Motel in Warrnambool is appropriately named.
- A quality 17 room motel only a whisker away from the CBD.
- It offers a healthy lease and a good income that can be easily built on.
- It’s priced to sell - especially looking for an entry into the lucrative accommodation industry.
- Warrnambool is the business centre of Southwest Victoria.
- Being just a tad over 2.5 hours from Melbourne.
- Offering strong corporate visitation.
Along with its destination for the international and local tourist exploring the well-advertised drawcards - like the Great Ocean Road, the whale watchers, the fishing, the surf - and lots more.
And for a family? State, Catholic, and private schools, Deakin University, sporting clubs and more.
We know this property is good. But you can check the online reviews to see what other people think. It's all good news!
IS THIS YOUR YEAR FOR A CHANGE?
Net Profit: $146,049 for 2021/22
Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2404ML (quote when enquiring)
Location: With a population of 34,000 and a catchment of 100,000 Warrnambool is the regional centre to Victoria's Great South Coast. It is located 263 km south west of Melbourne, a drive of approximately three hours. Travelling the Great Ocean Road to Warrnambool takes 5.5 hours. Warrnambool is also 655km from Adelaide in South Australia, an 8 hour drive. Whilst agriculture - dairy, sheep and forestry - remain the mainstay of the regional economy, renewable energies are a key opportunity particularly in the emerging international carbon economies. The natural resources of wind, wave, gas and geothermal will position the Great South Coast as Victoria's alternative energy region. Adding value to primary produce is a prosperous manufacturing sector where butter, cheese, meat and seafood is made and exported. There is also an expanding engineering focused manufacturing sector to support the bigger projects and developments of the Region. This activity has led to not just business growth and development but also innovation in responding to needs.
Property Code: 3930
Business Summary
Key Investment Insights
1. The City Heart Motel is a quality 17 room motel located in Warrnambool, a bustling business center in Southwest Victoria.
2. The motel offers a healthy lease and a good income, with potential for further growth.
3. The asking price is competitive, making it an attractive opportunity for those looking to enter the lucrative accommodation industry.
4. Warrnambool is a popular tourist destination, known for its Great Ocean Road, whale watching, fishing, and surfing.
5. The city also offers a range of educational and recreational amenities, making it an ideal location for families.
6. The property has received positive reviews online, indicating a strong reputation among guests.
7. The expected net profit for the 2021/22 financial year is $146,049.
8. Interested buyers can contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
9. Warrnambool is located approximately 3 hours from Melbourne and 8 hours from Adelaide, making it easily accessible for both domestic and international visitors.
10. The region is known for its agriculture, renewable energy, and manufacturing industries, providing a diverse and thriving economy.
11. The growth and development of the region have led to innovation and opportunities for businesses to thrive.
