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Euroa VIC 3666
Sold on 11 Jul 2024

Euroa VIC 3666

  • Hotel, Motel, Pub & Leisure
  • 1 m²
  • Sold

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

    Tourism Brokers
    Tourism Brokers
    170 Scarborough St
    Southport, QLD 4215

    Property Highlights

    Date Sold11 Jul 2024
    Floor Area1 m²
    Land Area5,355 m²
    ParkingAsk Agent
    Property ID2019128465
    Category
    Last updated  11 Jul 2024
    Map for Euroa VIC 3666
    Tourism Brokers
    Tourism Brokers
    170 Scarborough St
    Southport, QLD 4215

    Property Highlights

    Date Sold11 Jul 2024
    Floor Area1 m²
    Land Area5,355 m²
    ParkingAsk Agent
    Property ID2019128465
    Category
    Last updated  11 Jul 2024

    More about Euroa VIC 3666

    Euroa VIC 3666 is categorized as Hotel, Motel, Pub & Leisure Property. It has a floor area of 1 m² and a land area of 5,355 m². The listing ID for this property is 2019128465.

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