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. Five short-stay units plus a spacious three-bedroom cottage/home provide diversified accommodation revenue streams and on-site owner-occupier potential.
2. FY24 turnover $183,000 with profit $92,000, indicating positive net returns and established cashflow.
3. FY23 turnover $226,000 with profit $117,000, showing historical peak performance and a recent revenue decline.
4. Average occupancy just 51% in FY23, signalling clear upside for an engaged operator to increase utilisation and revenue.
5. Turnkey business setup suited to retirees or lifestyle buyers, enabling immediate operation and owner living onsite.
6. Prime central Woodend location, 400 metres to the train station and bus exchange, supporting strong regional demand and easy Melbourne access.
7. Immediate proximity to cafes, shops, pubs and a brand-new Coles supermarket, enhancing guest convenience and appeal.
8. Close to major attractions including Hanging Rock, Mount Macedon gardens, trails and wineries, supporting tourism-driven bookings year-round.
9. Quiet side-street setting in the Macedon Ranges combines lifestyle amenity with guest privacy and town-centre convenience.
10. Rear block of land available by negotiation circa $1 million, offering development or investment expansion potential.
