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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  
    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  

    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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