Euroa. About a two hour drive from Melbourne and a laid back town off the Hume Highway. Urgency is not a word to describe Euroa.
Yet every night Castle Creek Motor Inn produces an occupancy in the order of 75% plus.
It's in the rooms. They've all been made over. Both corporate and domestic tourist ready.
A flagship sitting on prime land - one piece already subdivided off and one ready to go.
With mainstream residential housing in the streets behind.
Castle Creek Motor Inn is a family run business. It's educating two kids in the private system of Shepparton.
If a well performing family friendly freehold going concern is what you're after, look no further.
Over six years Average Daily Rate has grown by 29%. Occupancy by 25% and monthly sales value by a whopping 62%. And a net profit crashing the ceiling.
Only took six years to be an overnight success!
Net Profit: $387,158 for 2022/23 (as provided by vendor accountant)
Contact Annette Adams and Reg Partington from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2276MF (quote when enquiring)
Property Code: 4904
