Colac, Victoria
A RARE TRIFECTA, WITH GREAT REWARDS - 1842ML
SOLD
Business Description
A rare offering with the winning trifecta.
- 29 rooms
- 25-year lease
- Over 28% 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.
Net Profit: $452,401 for 2023/24 (as provided by vendor)
Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1842ML (quote when enquiring)
Property Code: 5103
Business Summary
Key Investment Insights
1. Rare offering with a winning trifecta - 29 rooms, 25-year lease, and over 28% ROI.
2. Located on the A1 Princes Hwy, less than 1 hour from Geelong and under 2 hours from Melbourne.
3. In the heart of town, offering quality accommodation with plenty of off-street parking.
4. Recent refurbishments including new carpet, vanities, shower screens, cabinetry, and paint.
5. Spacious residence with an option to downsize and add another room to sell.
6. Solid business with consistent trading even during tough economic times.
7. Diverse economy with 12 industries helping the town to remain steady.
8. High demand for real estate in the area, making it a lucrative investment opportunity.
9. Estimated net profit of $452,401 for 2023/24, as provided by the vendor.
10. Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
11. Property ID: 1842ML (quote when enquiring).
12. Property Code: 5103.
