Woodend, Victoria
Live, Earn and Enjoy in the Heart of Woodend
$1,650,000 - Freehold
Business Description
Set on a peaceful side street in central Woodend, The Dickins comprises five well-appointed units and a spacious three-bedroom cottage/home — ideal for owner-occupiers looking to live onsite or nearby while reaping the rewards of a proven income stream. Whether you're planning your retirement, making a lifestyle change, or stepping onto the property ladder, this is a turnkey business that pays you to live in one of Victoria's most picturesque regions.
Welcome to The Dickins — an exceptional opportunity to live onsite and earn a strong residual income in the heart of the stunning Macedon Ranges. Located just 400m from the Woodend train station and bus exchange, and moments from the freeway to Melbourne, this thriving short-stay accommodation business is perfectly positioned for both lifestyle and profitability.
Enjoy the convenience of being within walking distance to cafes, shops, pubs, and a brand-new Coles supermarket. Explore nearby attractions such as Hanging Rock, Mt Macedon gardens, scenic walking and biking trails, wineries, and family-friendly playgrounds.
Financial Snapshot:
• FY24 Turnover: $183,000 | Profit: $92,000
• FY23 Turnover: $226,000 | Profit: $117,000
• Average occupancy just 51% in FY23 — plenty of room for growth with an engaged operator
With strong foundations, lifestyle flexibility, and significant income upside, The Dickins offers the rare chance to combine home and business in one beautiful, profitable package. The block of land at the rear of the property is also available by negotiation circa $1M
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Key Investment Insights
1. Five well appointed short stay units plus a spacious three bedroom cottage, offering onsite living and multiple income streams for an owner occupier.
2. FY24 turnover $183,000 with profit $92,000, demonstrating an established profitable operation.
3. FY23 turnover $226,000 with profit $117,000, indicating recent revenue fluctuation and historical peak performance.
4. Average occupancy just 51% in FY23, signalling clear upside for an engaged operator to improve yield and revenue.
5. Turnkey business model, suitable for retirement living, lifestyle change, or entry onto the property ladder.
6. Prime central Woodend location on a peaceful side street, 400 metres to Woodend train station and bus exchange, enhancing guest access.
7. Minutes from the freeway to Melbourne, supporting both weekend and commuting guests and regional visitation.
8. Within walking distance to cafes, shops, pubs and a brand new Coles supermarket, boosting convenience and guest appeal.
9. Close to major attractions including Hanging Rock, Mt Macedon gardens, walking and biking trails and wineries, supporting tourism demand.
10. Rear block of land available by negotiation circa $1 million, providing potential expansion, development or land value upside.
11. Operates as a short stay accommodation business with strong residual income characteristics, allowing owner flexibility to live onsite and manage.
12. Listed by Ras360, specialists in management rights, motels, hotels, pubs and parks, implying sector expertise in sale and transition.
