Wedderburn, Victoria
2490ML - OWNERS SAY SELL! A GOLDEN OPPORTUNITY FOR YOU!
SOLD
Business Description
- 19 made over and ample rooms.
- A very fair rent on a long lease of 20 years.
- A conference and breakfast room for coaches.
Wedderburn is under two hours from Melbourne, enticing weekend travellers looking for that next "Hand of Faith". Still a popular locale to immerse yourself in 19th century Australiana.
For a quiet country town, one offering a lot of lifestyle lure, the motel is far from a shabby performer, with sales well over $352,000. THAT'S JUST ON $19,000 PER ROOM PER YEAR.
Now selling on a 60% return!
Net profit $131,224 for 2018/19
Contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2490ML (quote when enquiring)
Location: Wedderburn's thriving little community offers the visitor a travel experience with a difference and only 225km from Melbourne. Using Wedderburn as a base, you will find friendly country pubs, boutique wineries, areas of historical and cultural significance, fishing and bird watching all within easy reach.
For those tired of travelling or perhaps looking for a change, Wedderburn offers a relaxed country lifestyle at affordable prices. The town has an excellent range of services including kindergarten, primary and secondary college, doctor, senior citizens, sporting clubs, interest groups and a shopping centre to supply a wide range of goods and services. Whether you're looking for a holiday destination or a lifestyle change, Wedderburn can offer you everything you are seeking.
Property Code: 2310
Business Summary
Key Investment Insights
1. The business is located in Wedderburn, a small country town that offers a relaxed lifestyle and a range of services and amenities.
2. The motel has 19 well-maintained and spacious rooms, making it an attractive option for both weekend travellers and longer-term guests.
3. The rent for the motel is very fair and the lease is for a long term of 20 years, providing stability and potential for growth.
4. The motel has a conference and breakfast room, which can cater to groups and coaches, providing an additional source of revenue.
5. Wedderburn is a popular tourist destination, known for its 19th century Australiana and the famous "Hand of Faith" gold nugget. This makes the motel a desirable option for travellers.
6. The motel has a strong financial performance, with sales well over $352,000, translating to an average of $19,000 per room per year.
7. The business is now selling at a 60% return, making it a profitable investment opportunity.
8. The net profit for 2018/19 was $131,224, indicating a strong and consistent financial performance.
9. Interested buyers can contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.
10. The property has a unique Property ID: 2490ML and interested buyers should quote this when enquiring.
11. Wedderburn is only 225km from Melbourne, making it easily accessible for travellers and potential customers.
12. The town offers a range of activities and attractions, such as country pubs, wineries, historical and cultural sites, fishing, and bird watching, making it an attractive destination for tourists.
13. Wedderburn also offers affordable prices for those looking for a lifestyle change or a holiday destination.
14. The town has a strong community with services such as kindergarten, primary and secondary schools, doctor, senior citizens, sporting clubs, and interest groups.
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