The Wine Vine Hotel Barossa Valley for sale through HTL Property's Nic Simarro, in conjunction with Tourism Brokers' Tony Johnson.
Specialist national brokerage firm HTL Property, in conjunction with Tourism Brokers, is pleased to exclusively present for sale The Wine Vine Hotel - Barossa Valley.
Recently refurbished, the property offers 40 oversized rooms, restaurant and bar operation (currently leased); and in addition, a pool and a tennis court - ideal for pickleball!
The Wine Vine is located only 5 minutes walk from Tanunda’s town centre; and 8 minutes drive from a number of wineries including Penfolds and Torbreck. Furthermore, the Hotel sits upon a substantial land parcel of 13,162 sqm*.
Following an extensive renovation of the property in 2021/2022, the business saw immediate uplift in revenue across FY23; and this uplift is continuing month on month into FY24.
Barossa Valley is rated as one of the top 5 wine regions in the world, and is the number 1 in Australia; and therefore, offers an exciting opportunity for operators to enjoy exposure to such a niche and internationally renowned market.
"The Barossa Valley boasts a full calendar of nearly 900 regional events per annum, and attracts 1.22m visitors in the same time frame" advised HTL Property Director, Nic Simarro
"With limited accommodation in the surrounding area and challenging restrictions to increase this number, a foothold in this market is not only a rare opportunity but a highly lucrative one" added Simarro.
Tourism Brokers Tony Johnson commented “Rarely does an opportunity like this arise in such a boutique market. Major brands and hotel operators should look seriously at this property as it may be years before another significant asset is available!”
The Wine Vine is for sale by Private Treat at $8,300,000.