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Freehold Going Concern $795,000
UNDER CONTRACT - Diamond House Motor Inn, Stawell VIC - 1P0171
0417 008 672
Freehold Going Concern $795,000
EXCLUSIVE TO MHB
Can it get any better?
10 x unit VIC freehold motel located just a 2.5 x hour drive from Melbourne.
Perfect corner location, situated upon a large 1,450m2 (GRZ1) corner land allotment in the heart of Stawell.
Offering 10 attractive and well-equipped motel rooms across 2 levels, each with a capacity to accommodate up to 3 adults with a queen and single option. Plenty of off-street parking is also available for guests. A comfortable 2 x bedroom on-site owner`s residence completes the accommodation package.
* DEVELOPMENT Opportunity:
As an added bonus, planning permission for 4 x new motel style accommodation units, the construction of which has been deferred until 2023 allowing the benefit of transferring to the new owner. (Estimated cost $400K).
The restaurant and function spaces along with the 2 bedroom residence could also be re-purposed as additional guest accommodation.
A comfortable 2 x bedroom on-site owner`s residence completes the accommodation package.
* RESTAURANT Opportunity:
Currently in use, with a commercial kitchen and current VIC liquor licence.
With a restaurant capacity for up to 39 seats, the food is of the quality one would expect to find in top Melbourne restaurants.
The function room and outdoor eating area is perfect for hosting larger parties with a capacity to seat up to 60 guests and the Diamond House bar also holds nights of good food and good music, bringing the best of Australian Blues and Roots Guitar music to country Victoria.
An ideal opportunity for an operator to convert the main restaurant within the property to cater to any type of in demand diverse cuisine restaurant and/or takeaway.
Originally constructed in 1868, the Diamond House Motor Inn is one of the oldest and most distinctive houses in Stawell.
* Valuation – $1,000,000 circa July 2022
* Development opportunity (beyond the 4 new units STCA)
* The only motel in Stawell off the Highway
* 10 x well-appointed motel suites with planning permission for 4 x more units
* Function room capacity for up to 61 guests and restaurant for up to 39
* Double revenue stream with accommodation and restaurant
* Ideally located within a popular tourism region
* 2 x bedroom owner`s residence
* Current and transferrable VIC Liquor Licence
* Set on (approx.) 1,450m2 of General Residential Zoned land
The town of Stawell caters to approx. 6,000 to 7,000 people in main town and nearby smaller suburbs. Stawell is the closest large town to the Grampians National Park and the park’s tourist village of Halls Gap, making it an ideal base to explore the natural attractions in the area. The economy of Stawell is sustained by the mining, agriculture, manufacturing, retail and tourism industries.
Investors note – keep the building and sell the business going forward. So many options with a property of this nature.
Contact Kamal Sharma direct on 0417 008 672 or Dan McDonald direct on 0437 838 368 for more information and to book an inspection.
Kamal Sharma | 0417 008 672
Dan McDonald | 0437838368
Exclusive To MHB
Freehold Going Concern - $1,150,000
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