Woodend, Victoria
Live, Earn and Enjoy in the Heart of Woodend
SOLD
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. Live-on-site capability, comprised of five well-appointed short-stay units plus a spacious three-bedroom cottage/home, ideal for an owner-operator model.
2. Turnkey short-stay business with established operations and a proven income stream, suitable for retirement or lifestyle change.
3. FY24 turnover $183,000 with profit $92,000, indicating strong cashflow; FY23 turnover $226,000 with profit $117,000.
4. Approximately 50 percent net profit margin in FY24, signalling efficient operations and high profitability per dollar of revenue.
5. Average occupancy only 51 percent in FY23, representing clear upside for an engaged operator to increase revenue through higher occupancy or yield management.
6. Prime central Woodend location, 400 metres from the train station and bus exchange, offering excellent access to Melbourne and commuter markets.
7. Immediate walkability to cafes, shops, pubs and a new Coles supermarket, enhancing appeal for short-stay guests and convenience for an owner-operator.
8. Close proximity to major local attractions including Hanging Rock, Mt Macedon gardens, wineries and walking and biking trails, supporting strong tourism demand year-round.
9. Lifestyle flexibility to live onsite while earning income, combining residential amenity with business ownership in the Macedon Ranges.
10. Additional real estate opportunity with the rear block available by negotiation for circa $1M, enabling potential expansion or land-value capture.
