A Desirable Country Retreat Motel Not To Be Missed - 2397mf

Warracknabeal, Victoria 3393

SOLD

Key Features

AI generated. Contact seller to confirm.

Freehold going concern motel
11 ground-floor rooms with undercover parking
Three-bedroom residence with its own man cave
Over 2,200 m2 land on three titles
430m2 unused land, development potential, valued at $50,000
Situated on Yarriambiack Creek, close to town and facilities

Turnover: Not disclosed
Net Profit: $162,839
Rent/Lease: Not disclosed
Stock Value: Not disclosed
Established: Not disclosed

Business Details

Business Category Motel

- Demand for quality motels has never been stronger.

- A Freehold Going Concern Motel that has performed strongly.

- A fantastic 11 room ground floor motel, with undercover parking and close to town and all facilities.

- And a three-bedroom, three-living room residence that even has it’s own man cave.

- On three titles and over 2,200 m2 of land.

- Situated on the Yarriambiack Creek, a very serene area for guests and owners.

- The town serves as a central hub for grain production and farming in the region.

- It boasts a rich history, evident in its well-preserved heritage buildings and museums, adding to its unique character.

- Projections indicate that regional areas like Warracknabeal may experience substantial property value growth by 2029, making it a promising location for long-term investment.

Additional to the sale of the Freehold Going Concern motel is the unused block of land, approximately 430m2 development potential (STCA), which could allow for an extra 4 units or another residence. Valued at approximately $50,000.

Adjusted Net Profit: $162,839 for 2023/24 (as provided by vendor)

Contact Andrew from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2397MF (quote when enquiring)

Property Code: 5220