7 Main Street, Chiltern, Victoria
Freehold and Business Motel in lovely North East Victoria
SOLD
Business Description
This beautifully presented 14 unit Motel offers buyers a rare opportunity to purchase an affordable Freehold and Business motel smack bang in the heart of North East Victoria. This Motel is in excellent condition throughout and has a fantastic reputation which is reflected in guest ratings & comments.
Located in one of Victoria's most scenic regions, the town is known for its gold mining history and evidence of the era are still very much a part of the town today. The Motel is ideally situated just 500 metres off the always busy Hume Highway and caters for solo travellers, holidaying families, groups on tours or the corporate market. The Motel is also located within 40 km's of major regional centres Albury/Wodonga and Wangaratta, which provides excellent shopping, and schooling options if required by a family looking to purchase the motel.
The Bird N Bike Café is very popular with guests, locals and those travelling through the region, with strong patronage & repeat clientele, the Café is fully staffed and generating excellent year round income and cash flow, which will continue to rise.
A comfortable 3 bedroom residence with large 4 bay shed offer new owners more than most Motels can provide. The owners have also recently installed reverse cycle air conditioners in all guest rooms, and with the Motel already being in excellent condition means nothing to spend for would be buyers. A low maintenance building that is also now cheaper to run with the inclusion of solar is yet another plus to this already appealing opportunity.
Financially the Lydoun Motel has seen strong, consistent growth, the opportunity is there to add third party booking agencies to improve both tariffs and occupancy will only add to the strong numbers already being demonstrated.
This Motel is the perfect combination of lifestyle and affordable business opportunity for those looking to get into the accommodation industry, contact Tower today to receive further information.
Business Summary
Key Investment Insights
1. Affordable opportunity: The motel offers buyers an affordable opportunity to purchase both the freehold and business, making it an attractive option for those looking to enter the accommodation industry.
2. Excellent condition: The motel is in excellent condition throughout, reflecting the care and attention of the current owners. This is also reflected in guest ratings and comments.
3. Prime location: The motel is located in one of Victoria's most scenic regions, with easy access to major regional centres and situated just off the busy Hume Highway.
4. Diversified market: The motel caters to a diverse market, including solo travelers, families, groups, and corporate clients, providing a stable income stream.
5. Additional income stream: The popular Bird N Bike Café, fully staffed and generating excellent year-round income, provides an additional income stream for the motel.
6. Comfortable residence: The motel comes with a comfortable 3-bedroom residence and a large 4-bay shed, providing more than what most motels offer.
7. Low maintenance: The motel is a low maintenance building, with recent upgrades such as reverse cycle air conditioners and solar panels, making it cheaper to run.
8. Strong financial performance: The Lydoun Motel has seen consistent growth, with the potential to further increase tariffs and occupancy through third-party booking agencies.
9. Lifestyle opportunity: The motel offers a perfect combination of lifestyle and business opportunity for those looking to enter the accommodation industry.
10. Support from Tower: Interested buyers can contact Tower for further information and support regarding the purchase of this motel.
