Bendigo, Victoria
2392ML - Unique Leasehold Motel
SOLD
Business Description
- Make your dream come true. An opportunity to start from scratch and rebuild.
- Property is currently in recess from trading, all it needs is you.
- This property is offered as is. Some replacement and refurbishment will be required.
- Looking for a challenge, this is it.
- The Loddon Valley Highway location gives you the edge.
- Not too far from the central Bendigo CBD.
- With limited competition this property has huge potential for the astute entrepreneur.
- New lease offered, if you enjoy a challenge, then this Motel is for you.
- Don't be scared. This property has stood the test of time.
Net profit $75,000 estimated for 2014/15
Contact Barry Bolwell from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2392ML (quote when enquiring)
Location: Eaglehawk VIC
Eaglehawk is a former gold-mining town in Victoria and a suburb within the City of Greater Bendigo. An interesting suburb of Bendigo, Eaglehawk, is located in the north-west. Originally a gold mining town in its own right during the Gold Rush days, the growth of Bendigo eventually extended out to and surrounded Eaglehawk.
The Eaglehawk Dahlia & Arts Festival, held each March, began as an initiative of a group of Eaglehawk citizens intending to promote the then Borough of Eaglehawk by way of a championship Dahlia Flower Show and mass planting of Dahlias in Canterbury Park, Eaglehawk.
The festival provides an array of attractions for the whole community, with special emphasis on activities encouraging the artistic, cultural, sporting and social development of young people.
Property Code: 1777
Business Summary
Key Investment Insights
1. The property is currently not in operation and requires refurbishment, providing a unique opportunity for a new owner to start from scratch and rebuild.
2. The location on the Loddon Valley Highway and close proximity to central Bendigo CBD gives the property a competitive advantage.
3. Limited competition in the area presents a huge potential for growth and success for an astute entrepreneur.
4. The property is offered with a new lease, providing the opportunity for a new owner to make their mark and take on a challenge.
5. Despite being in recess from trading, the property has stood the test of time and has potential for success with the right owner.
6. The estimated net profit for 2014/15 is $75,000, providing a solid financial opportunity for a new owner.
7. The suburb of Eaglehawk has a rich history as a former gold-mining town and hosts an annual Dahlia & Arts Festival, providing attractions for the community and promoting the area.
8. The property is located within the City of Greater Bendigo, a growing and vibrant region in Victoria.
9. The property is listed with Tourism Brokers, a reputable agency specializing in the sale of tourism and hospitality businesses.
10. The property is listed under Property ID 2392ML and Property Code 1777.
