Address available on request,
Euroa, VIC 3666
Hotel, Motel & Leisure
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Sale
UNDER CONTRACT
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THE STATS SAT ON THE MAT, GOT RID OF THE CAT - 2276MF
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
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
Additional information
External websites
Property ID: 504547708Last Updated: 3 Jun 2024
Address available on request
Euroa, VIC 3666
Tourism Brokers - NSW, QLD, VIC & TASCentralised Administration: 32 Lamorna Ave
BEECROFT, NSW 2119
BEECROFT, NSW 2119
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