Milawa, Victoria 3678
SOLD
Key Features
AI generated. Contact seller to confirm.
- Well-established 10 room motel
- Potential for 13 rooms
- Central courtyard with beautiful gardens
- High tariff motel with exceptional yield
- Located in affluent town
- Ideal for dedicated couple or professionals
- Turnover: Not disclosed
- Net Profit: $224,661
- Rent/Lease: Lease in place
- Stock Value: Included
- Established: Not disclosed
Business Details
Business Category Motel
Milawa lies at the gateway to the picturesque King Valley in North-East Victoria just a hundred kilometres from the snow fields of Mount Hotham, only 15 kilometres from Wangaratta, and not much over two hours from Melbourne airport.
Pizzinni, King River Estate, Brown Brothers - just three of the many names that can drop off the tongue when talking cold climate wineries, three of many making their home in the area.
On offer is a well-established 10 room motel, that could be up to 13, if you chose to live off site – it’s all set to go! All rooms open onto a central courtyard to beautiful gardens in all directions. They’re brilliantly maintained to the fussiest of standards
And set on a piece of land just over an acre - that means room for more! It’s a high tariff motel with an exceptionally high yield in a very affluent town.
This business is perfect for the dedicated couple. But it’s so easy to run it’s also an excellent opportunity for those who can manage a foot in two camps - the motel and something else like a tradesperson or a professional such as accountant, teacher or nurse.
And your market? Snow trippers, wine buffs, short breakers, summer cruisers, wedding guests.
Everyone loves a break!
Net Profit: $224,661 for 2021/22
Contact Annette Adams or Reg Partington from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2730MF (quote when enquiring)
Property Code: 4323
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