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 short-stay units plus a spacious three-bedroom cottage provide diversified accommodation income and allow owner-occupier living onsite or nearby, enabling hands-on management and reduced overheads.
2. FY24 turnover $183,000 with profit $92,000, demonstrating a strong profit margin and existing cashflow.
3. FY23 to FY24 shows a decline from $226,000 turnover and $117,000 profit, indicating recent revenue contraction that a focused operator could reverse.
4. Average occupancy was only 51% in FY23, signalling significant upside through improved marketing, yield management and operational optimisation.
5. Turnkey business proposition, suitable for retirement or lifestyle purchasers, reduces lead time to revenue generation and transition risk.
6. Central Woodend location 400 metres from the train station and bus exchange enhances accessibility for Melbourne commuters and short-stay guests.
7. Immediate proximity to freeway access to Melbourne supports both leisure and corporate demand, increasing catchment flexibility.
8. Walkable to cafes, shops, pubs and a new Coles supermarket, improving guest convenience and local appeal for longer stays.
9. Close to major regional attractions including Hanging Rock, Mt Macedon gardens, walking and biking trails, and wineries, supporting steady tourist demand year-round.
10. Additional value option with rear land available by negotiation circa $1 million, offering redevelopment or expansion potential.
