Colac, Victoria

1842ML - A RARE TRIFECTA, WITH GREAT REWARDS

LEASEHOLD $975,000

Property Description

A rare offering with the winning trifecta.

- 30 rooms

- 30 years lease

- Greater than 33 % ROI

Not often do you find a motel that ticks all the boxes. Located on the A1 Princes Hwy, less than 1 hour from Geelong and under 2 hours from Melbourne.

In the heart of town, offering quality accommodation with plenty of off-street parking.

Recent refurbishments mean that all the hard work has been done, including new carpet, new vanities, shower screens, new cabinetry, and paint – internal and external.

A very spacious residence is rare, with an option to downsize and add another room to sell.

A solid business that has barely blinked an eye through the last few years of trading.

With 12 industries helping the town to remain steady, and the demand for real estate at an all-time high, now is the time to invest in this booming town.

Call now for an inspection to avoid disappointment.

Net Profit: $343,983 for 2020/21

Contact Andrew Cronin or Annette Adams from Tourism Brokers for further information or to arrange an inspection.

Property ID: 1842ML (quote when enquiring)

Property Code: 3841

Property Summary

Motel Information

Marketing Agent
Andrew Cronin
Andrew Cronin

Annette Adams
Annette Adams

Listing location
Gallery

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