Bendigo, Victoria
Here for a Good Time, Not a Long Time - 2861ML
LEASEHOLD $370,000
Business Description
An excellent entry-level leasehold motel in Greater Bendigo is available for genuine sale. This 12-unit, easy-to-operate property features recently refurbished suites, diverse accommodation options, guest amenities (laundry, BBQ area, pool, playground), and ample parking. It includes a spacious 5-bedroom family residence with a private yard.
Key highlights:
- Strong financials: 40% buyer's yield and low rent at 16% of turnover.
- Prime regional location in a tightly held market.
- Significant rejuvenation over the last 12-18 months.
- 11 remaining on lease - no further extension available (Subject to Landlord approval, and will not be accepted as a condition of sale).
Net Profit: $156,725 for 2023/24
Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2861ML (quote when enquiring)
Property Code: 5108
Business Summary
Key Investment Insights
1. Excellent entry-level leasehold motel opportunity in Greater Bendigo with 12 recently refurbished units and diverse accommodation options.
2. Strong financials with a buyer's yield of 40% and low rent at only 16% of turnover.
3. Prime regional location in a tightly held market.
4. Significant rejuvenation of the property over the last 12-18 months.
5. Includes a spacious 5-bedroom family residence with a private yard.
6. Guest amenities such as laundry, BBQ area, pool, and playground.
7. Ample parking for guests.
8. 11 years remaining on lease with no further extension available (Subject to Landlord approval).
9. Net profit of $156,725 for 2023/24.
10. Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
11. Property ID: 2861ML (quote when enquiring).
12. Property Code: 5108.
