Horsham, Victoria

Freehold $990,000

Property Description

2493MF - GOLDEN FREEHOLD OPPORTUNITY - WHOPPING 15% RETURN

  • 17 comfortable rooms.
  • Carrying the popular Budget brand.
  • An excellent country occupancy of 62%.

It's not all about the flim flam and bright lights! This one just plugs away at being what it is - a small country motel in a major regional town filling beds every night - with heaps of repeat business.

It it's bright lights, perhaps the casino is for you.

But then, that would be a gamble.... yes?

Buyers are reminded that in Victoria there is no stamp duty on leaseholds, and market reviews can see rent reduce. Two areas where you can save big compared to elsewhere!

Net profit $148,733 for 2015/16

Contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2493MF (quote when enquiring)

Location: Horsham, known as the capital of the Wimmera, with Green Lake as the gateway to the region provides a fantastic location for family recreational activity. Located on the banks of the Wimmera River it is a handy base to explore the region's nearby natural attractions. You will find art festivals, musical performances, a superb art gallery, excellent theatre along with major sporting events and family-friendly activities. The wider region offers scenic bushland, mountains and waterways. Wartook Valley, in the Grampians, and the Black Range State Park are a picturesque short drive away.

The Horsham Rural City is a progressive, engaged and rapidly developing municipality. Situated in the Melbourne - Adelaide corridor this major regional city boasts an entrepreneurial spirit with a strong vision for its long-term future through an innovative 'can do' attitude.

Whilst agriculture has long provided the backbone of the region's economy, retail trade, manufacturing, business and professional services, health and community services, education and tourism all contribute significantly to the Horsham Rural City's dynamic and diverse business mix.

Property Code: 2372

Property Summary

Motel Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -

Marketing Agent

  • Reg Partington

  • 0407 412 479
  • 1300 512 566
  • send email

Marketing Agency

Tourism Brokers

Tourism Brokers

Tourism Brokers

Reg Partington
Tourism Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Horsham, Victoria 3400 Exact map location not provided

Similar Properties

TONGALA
997CPL - A Hidden Gem

Leasehold $950,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Tourism Brokers

59 Chapel Street COWES
Brand New / Management Rights - 31082M

Management Rights $1,070,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

CRE Brokers

NUMURKAH
Only Motel In Town - 30313

FHGC $950,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

CRE Brokers

CARLTON
UNDER OFFER - 31226L

Leasehold $975,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

CRE Brokers
Tongala Caravan Park - 70107L
Exclusive

23 Finlay Road TONGALA
Tongala Caravan Park - 70107L

Leasehold $1,050,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

CRE Brokers
Position, Position, Position - What A Position! | Resort Brokers ID : LH004607
Updated

DANDENONG
Position, Position, Position - What A...

$915,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Resort Brokers