eildon

Freehold $700,000

2494MF - Affordable Country Freehold Growth Potential

  • 12 well maintained spacious units including a 3 bedroom residence.
  • Bed and Breakfast (no Restaurant).
  • North East Victoria location only 2 hours from Melbourne.
  • Current low occupancy with potential for growth using on line booking system.
  • Long standing owners retiring.
  • Potential to purchase adjacent block with large shed.
  • Pool and barbeque area.
  • Fantastic lake and river location.
  • Opportunity awaits.

Situated in the delightful rivers and lake region of Eildon, the motel offers potential for new owners to take the property to the next level. Currently operating on a low occupancy level, the owners have a solid income stream while enjoying a relaxed lifestyle. The introduction of computerised booking systems will enhance the potential for increased occupancy and improved revenue.

The current owners are in retirement mode and now is the time to purchase this well-maintained property in time for the influx of tourists during the warmer months.

Net profit $69,500 for 2015/16

Contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2494MF (quote when enquiring)

Location: Eildon is located a pleasant 2 hour drive and approximately 140kms north-east of Victoria's state capital, Melbourne. The town is east of Alexandra, on the southern shores of Lake Eildon at the Goulburn River. It is a particularly scenic spot, surrounded by the Lake Eildon National Park and mountains.

Whilst many residents work in the agricultural and allied industries, the timber industry also features strongly. The infrastructure to support these, power generation, irrigation plus the leisure and tourist industry covers most occupations. Life is very relaxed in the Eildon area.

Lake Eildon has a shoreline of almost 600kms when at full supply and its prime function is to provide irrigation for food bowl areas of the lower Goulburn River Anywhere up to 30,000 people per day take advantage of boating and all forms of watersport in the region during summer.
Property Type Business

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Agent Details

Reg photo

Reg Partington

0407 412 479
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Annette photo

Annette Adams

0405 534 737
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