Mahogany Motel, 463 Raglan Parade,
Warrnambool, VIC 3280

With good exposure to the Princes Highway and only 3 blocks from Liebig Street cafes and restaurants is this 14 room, 3.5 star leasehold opportunity. Warrnambool provides consistent trading and is the largest (and growing) centre in the South West. Currently run by a single operator with help from cleaning staff, it is showing an adjusted net profit of $105,654 for the 2015-2016 year.

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.