569 Napier Street, Bendigo, Victoria
Rare opportunity to purchase one of Bendigo's best performing Motels
SOLD
Business Description
Tower Business Brokers are thrilled to present the opportunity to secure the Freehold Going Concern of one of Bendigo's best performing motels. This wonderful opportunity is ideally located just minutes from the airport, train station and Bendigo's busy CBD and is the only Motel on the Northern side of Bendigo, which is significant with the amount of infrastructure linked to this area.
In recent times the Motel has undergone many improvements including the building of four new apartments, the new camp kitchen, new signage and the renovation of the residence. The Vendor has also recently brought booking.com and RMS online which has improved income and streamlined operations. This could be further bolstered with improvements to the Motels website to allow online bookings. The Motel boasts a great mix of both workers and tourist clientele, which is underpinned and assured to continue in to the future due to the amount of infrastructure, sporting and cultural events hosted in the Bendigo region. There are also opportunities to build on the income of this already strong performer, with the ability to renovate the old restaurant in to accommodation. There has also been a permit in place to add more accommodation to the vacant land at the rear of the Motel, which would be easily renewed.
Don't miss this opportunity to secure this outstanding motel in one of Australia's most vibrant and upcoming cities.
Business Summary
Key Investment Insights
1. Prime location: The motel is ideally located near the airport, train station, and Bendigo's busy CBD, making it easily accessible for guests.
2. Strong performance: The motel is one of Bendigo's best performing, with a mix of workers and tourist clientele.
3. Recent improvements: The motel has undergone recent improvements, including the addition of new apartments, a camp kitchen, and renovations to the residence.
4. Online presence: The vendor has recently brought booking.com and RMS online, which has improved income and streamlined operations. There is also potential to further improve income through an updated website for online bookings.
5. Diverse clientele: The motel caters to both workers and tourists, ensuring a steady stream of guests.
6. Future growth potential: There are opportunities to increase income through renovating the old restaurant into accommodation and adding more accommodation to the vacant land at the rear of the motel.
7. Vibrant city: Bendigo is a vibrant and upcoming city, with a growing number of infrastructure, sporting, and cultural events, ensuring a strong demand for accommodation.
8. Freehold Going Concern: The sale includes the freehold of the motel, providing the buyer with a secure long-term investment.
9. Limited competition: The motel is the only one on the northern side of Bendigo, making it a significant asset in the area.
10. Established business: The motel has been in operation for a significant amount of time, with a proven track record of success.
