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CAPITALISE ON DAYLESFORDâS TIMELESS TOURIST APPEAL WITH THIS HISTORIC MOTEL | Resort Brokers ID : LH008291
$1,750,000
Motel (Leasehold) hospitality, DAYLESFORD VIC
Central Springs Inn is a beautifully maintained, historic 26-room motel any operator would be proud to call their own. Daylesford is Australias premier spa destination with a pedigree spanning more than 170 years.
Set across two 150-year-old buildings, this welcoming hotel exudes heritage and tradition. The business recorded a net profit for FY23 of $518,690, and is currently tracking to match that for FY24.
Central Springs Inn is atrue turnkey opportunity. The existing setup promises a steady income from day one with no capex required.
With 29 years remaining on a 30-year lease that commenced in April 2023, the business is underpinned by excellent security of tenure.
Ease of operation is a main drawcard for this business. The motel is currently operated remotely with contactless check-in. Should the buyer wish to operate the motel onsite, there is the convenience of a well-appointed, two-bedroom managers cottage.
- Beautifully maintained, historic 26-room motel in tourist mainstay of Daylesford
- Located 1.5 hours’ drive from Melbourne in Australia’s premier spa destination
- Long-term lease with 29 years remaining
- Operational flexibility: motel can be run remotely or onsite
- Strong net profit of more than $500K from trading income of over $1M
- 35-person conference room attracts business trade
- Two-bedroom manager’s residence can be rented out or occupied by operator
- Significant growth potential to drive occupancy and boost revenue
- Inspection by appointment only
Date updated: 01 Dec 2024 22:00:03
More Information
- Total Purchase Price: $1,750,000
- Net Income: $ 518,690
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
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This is the body corporate caretaker salary. It is included in the Net Income above.
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The value of on-title property included with the business. Its price is included in the Total Purchase Price.
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