analytics

THE STATS SAT ON THE MAT, GOT RID OF THE CAT - 2276MF

FREEHOLD $3,450,000

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)

Price FREEHOLD $3,450,000
Location Euroa
Property ID 2276MF
Category Motel

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