SOLD

UNDER OFFER! Freehold Group Accommodation Business - Gippsland, VIC

Warragul VIC
UNDER OFFER! Freehold Group Accommodation Business - Gippsland, VIC

Last asking price $4,900,000

Sold November 2023

Accommodation, Accommodation, Accommodation, Accommodation, Accommodation

Business ID: BS150552

Rare and Exciting Freehold Group Accommodation Business in prime tourist destination. Offering attractive business and lifestyle opportunities at below replacement value.



Conveniently located in the heart of Gippsland, just a 2-hour drive east of Melbourne, this one-of-a-kind freehold property consisting of 15 acres with extensive buildings and infrastructure, is currently operating as a group accommodation and motel business.

As the largest privately owned facility in Victoria, it has the capacity to accommodate large or multiple groups with a maximum capacity of up to 300 guests at any one time.

Highlights:

   -  Approx 15 acres set close to national parks and river

   -  Close proximity to Melbourne and regional townships in Gippsland

   -  Sealed roads for bus and car access with parking capacity in excess of 300 cars

   -  Buildings built to impeccable standard, set in meticulously maintained landscaped grounds

   -  Flexible accommodation options with 72 rooms including motel style ensuite rooms, bunk style with ensuite and lodge style accommodation

   -  Spacious main dining hall accommodating 300 people

   -  Fully equipped commercial kitchen with stainless steel finish

   -  Multi-function rooms, conference room, meeting room and bar/lounge

   -  Additional infrastructure for multiple outdoor and sports activities including: a climbing wall, rope courses, volleyball, basketball court and a large multi-purpose oval

   -  Multi-functional licensed bar for exclusive use of guests

   -  Charming self-contained 4-bedroom manager’s residence

   -  Well connected to town utilities including electricity, water, and sewage services

   -  Multiple income streams from school camps, retreats, conferences, weddings, and special interest groups

Estimated cost to replace at above $8 million excluding the cost of the land.

With its strategic location and purpose-built infrastructure, the site offers great value and flexibility for:

   -  “Bolt-on” for an existing group accommodation and school camp business/organisation as it ticks all the boxes in this tightly held market

   -  Alternative use (subject to permit and council approval) by community groups, private retreats, or permanent accommodation within a tranquil, bushland oasis

The possibilities are endless and the door is open for you to put your stamp on this prime asset.

Information package is available for interested parties after the signing of a confidentiality agreement.  

Asking price: $4.9 million

Property Code: 2991
        

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