Wangaratta, Victoria

Leasehold $695,000

Property Description

2374ML - The Hermitage Motor Inn - Selling on a 34.6% Return

The Hermitage presents with 18 immaculate rooms, a tad off the noisy main drag, and just around the corner to the thriving CBD of Wangaratta.

It services a strong and bonded corporate market as well as being a destination for sophisticated travellers exploring wineries and restaurants, snow fields, rivers and mountains, all on the edge of the gold carrying rivers, still yielding small but exciting results.

It's a town that's enjoying political favour, both at state and federal level with the resultant visitation of long-term workers seeking all manna of accommodation, while they advance the causes of railway and health.

Net Profit $240,985 for 2018/19

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

Property ID: 2374ML (quote when enquiring)



Location: One of Victoria’s most geographically diverse and scenic regions, the Rural City of Wangaratta offers a blend of city life and welcoming villages, native bushland, pastoral landscapes and snow-capped peaks. There are over 27,100 residents living in the Rural City of Wangaratta, 17,000 of whom live in urban Wangaratta.

The bouyant regional economy provides employment opportunities across a wide range of industries including manufacturing, trades, retail, agriculture and the health and community services industry. The small towns support industries such as viticulture, agriculture, horticulture and tourism. Opportunities within niche markets, based around these industries, abound throughout the Rural City of Wangaratta.

The rich agricultural land surrounding Wangaratta yields gourmet produce and world-class wines, making this region a paradise for food and wine lovers. The regional economy is exceptionally diverse. Wangaratta is home to major manufacturing, transport and distribution activities and is the regional headquarters for several state government agencies.

Property Code: 3206

Property Summary

Motel Information

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

Marketing Agent

Reg Partington

Marketing Agency

Tourism Brokers

Reg Partington
Tourism Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Wangaratta, Victoria 3677 Exact map location not provided

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