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Mt Remarkable Hotel Motel In Melrose For Sale

Melrose, South Australia, Australia
Freehold Price:
$850,000 (AUD) Furniture / Fixtures included
Lease Asking Price:
$150,000 (AUD) Furniture / Fixtures included
Sales Revenue:
Undisclosed
Cash Flow:
Undisclosed

What a good business in the most beautiful town in South Australia. A freehold and business or cheap lease opportunity.

This is a profitable property. The hotel is a historical 2-story stone building located in the main street of the beautiful Flinders Ranges town of Melrose. The hotel is a good all-round business providing motel accommodation, a newly renovated bar, 6 gaming machines, a beautiful dining room, a beer garden, al fresco dining with views to the magnificent Mt. Remarkable, a commercial kitchen, and private accommodation. It is very popular with the locals and the many tourists residing in the many accommodation spots in the town.

Melrose is a strong tourist town. The town appeals to many visitors: the family camping holiday, cyclists, bushwalkers, history buffs, birdwatchers, 4WD enthusiasts, fitness camps, and a base for day trips to surrounding areas such as Wilpena Pound, National Parks, and Quorn. Only 260km north of Adelaide, the town is full of heritage buildings and museums. Many bushwalks and cycling tracks emanate from the town. Tourist facilities are available, and many events are held.

Melrose is a noted area for bike riders. Millions of dollars have been spent in the area to develop an extensive array of bike tracks to Wirrabara, Booleroo, and Wilmington and over 100km of mountain bike tracks of all levels of ability, from beginner to advanced standard, all accessible from the town centre. Thousands of bike riders and families are attracted to Melrose every year.

An easily run, profitable hotel.  It is thought that a husband and wife team or partnership would enjoy this property.

Property Information

Real Estate:

Available as lease or with real property included

Location:

18 Stuart Street, Melrose, SA, 5483

Other Information

Inventory / Stock value:
$30,000 (AUD)
Lease asking price:
$150,000 (AUD) - Furniture / Fixtures included