Colac, Victoria
1842ML - A RARE TRIFECTA, WITH GREAT REWARDS
SOLD
Business 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
Business Summary
Key Investment Insights
1. Rare offering with a winning trifecta - 30 rooms, 30 year lease, and greater than 33% ROI.
2. Located on the A1 Princes Hwy, less than 1 hour from Geelong and under 2 hours from Melbourne.
3. Quality accommodation with plenty of off-street parking.
4. Recent refurbishments including new carpet, vanities, shower screens, cabinetry, and paint.
5. Spacious residence with potential to downsize and add another room for sale.
6. Solid business with consistent performance.
7. Located in a booming town with 12 industries helping to maintain stability.
8. Demand for real estate at an all-time high.
9. Net profit of $343,983 for 2020/21.
10. Contact Andrew Cronin or Annette Adams from Tourism Brokers for further information or to arrange an inspection.
11. Property ID: 1842ML (quote when enquiring).
12. Property Code: 3841.
