Eildon, Victoria
EILDON LAKE MOTEL, OPEN FOR BUSINESS ALL YEAR ROUND! - 2494MF
SOLD
Business Description
Lake Eildon, only two hours from Melbourne. A favourite destination for fishermen, bushwalkers, four-wheel drivers, mountain bikers, boaties and lovers of all water sports.
It’s been that way since the fifties when Lake Eildon was upgraded to its current storage capacity, equivalent to six Sydney Harbours of water. The reservoir flows into the Goulburn River and provides security of water for farming and horticulture downstream.
A holiday rite of passage for earlier generations of Melburnians, and ready for fresh adventurers today.
EILDON LAKE MOTEL. It’s a boutique motel of 12 rooms with a comfortable three bedroom home under the same roofline, and little competition in town. It certainly has the high ground.
At 32 square metres the rooms are of a size well above guest expectation for a small country motel (or city motel for that matter!).
Our vendors have maintained them to a brilliant standard.
Those 12 rooms are running an occupancy of just on 50% with a room yield of $150-$180 per night. Close to seven dollars in every ten of that is yours!
This is so easy for a couple to run and priced at not much more than the median price of a suburban Melbourne house. Primary school in town, secondary school and other excellent schools no more than 20 minutes away.
Your own business? Your own land!
Net Profit: $119,854 for 2022/23
Contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2494MF (quote when enquiring)
Property Code: 4864
Business Summary
Key Investment Insights
1. Located in a popular tourist destination, only two hours from Melbourne.
2. Diverse range of activities and attractions in the surrounding area, making it a popular destination for tourists.
3. Established and successful business with a long history of serving tourists and locals.
4. Boutique motel with 12 well-maintained rooms and a comfortable three bedroom home.
5. Limited competition in the area, giving the business a competitive advantage.
6. High occupancy rate of 50% and room yield of $150-$180 per night.
7. Easy to run business, suitable for a couple or small family.
8. Affordable price, similar to the median price of a suburban Melbourne house.
9. Close proximity to schools and other amenities.
10. Opportunity for new owners to own both a business and land.
11. Projected net profit of $119,854 for 2022/23.
12. Contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.
13. Property ID: 2494MF (quote when enquiring).
14. Property Code: 4864.
