Warrnambool VIC 3280
- Hotel, Motel, Pub & Leisure
- 1 m²
- For Sale, REDUCED LEASEHOLD $650,000
2398ML - STILL ONE OF THE BEST PERFORMING REGIONAL VICTORIA MOTELS
- A 21 room multi award winning true four star property.
- Well-reviewed by the Online Travel Agents, averaging 8.5/10.
- For six years, Raglan has consistently produced profits in excess of $225K annually.
- The business fundamentals are strong and once we pass self-isolation, recovery will be rapid.
- The property has solid return custom.
Its markets include corporate and government, special interest groups, those attending local events, and of course, the 'Free Independent Traveller', just off the road.
In the meantime, pricing has been set well below market value.
Our vendors are ready to deal.
Net profit $229,730 for 2018/19
Contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2398ML (quote when enquiring)
Location: With a population of 34,000 and a catchment of 100,000 Warrnambool is the regional centre to Victoria's Great South Coast. It is located 263 km south west of Melbourne, a drive of approximately three hours. Travelling the Great Ocean Road to Warrnambool takes 5.5 hours. Warrnambool is also 655km from Adelaide in South Australia, an 8 hour drive.
Whilst agriculture - dairy, sheep and forestry - remain the mainstay of the regional economy, renewable energies are a key opportunity particularly in the emerging international carbon economies. The natural resources of wind, wave, gas and geothermal will position the Great South Coast as Victoria's alternative energy region. Adding value to primary produce is a prosperous manufacturing sector where butter, cheese, meat and seafood is made and exported.
There is also an expanding engineering focused manufacturing sector to support the bigger projects and developments of the Region. This activity has led to not just business growth and development but also innovation in responding to needs.
Property Code: 3457
|Floor Area||1 m²|
|Land Area||1,729 m²|
|Annual Return||Ask Agent|
|Virtual Tour||View Tour|
|Last updated||3 Nov 2020|
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