Frankston, Victoria
I DO LIKE TO BE BESIDE THE SEASIDE - 2891ML
LEASEHOLD - PRICE ON APPLICATION
Business Description
A rare LEASEHOLD opportunity at the gateway to the Mornington Peninsula.
Proudly and exclusively offered to the market is the LEASEHOLD business of the iconic Frankston Motel. It’s been operated by the same owners for the past 18 years and faithfully maintained the entire time.
It’s a 24 room motel showing high occupancy/high ADR with year on year consistency. It has few local competitors. That means monthly occupancies continually peaking over 80% since the pandemic, producing revenues averaging $90,000 per month. It enjoys this trading profile over the entire year. And the profile is set to bring higher yields under your ownership
It offers easy access to Frankston’s commercial and industrial precincts, the Peninsula Hospital still growing to support the community demand, access to HMAS Cerberus just 30 minutes away, the ocean and bay beaches not five minutes away.
You won’t feel hemmed in. It’s set in a residential area on 2.5 acres, supporting a swimming pool and even a full size tennis court.
Frankston Motel brings a loyalty program that can be easily run by new owners. You just have to be nice. That’s the program. It’s working.
And your home away from home? There’s a very comfortable five bedroom residence on site. Faith and state schools (P to 12) very close by. Sporting clubs too. It’s a family friendly area. Even the kids will want to move.
Need to know more?
Adjusted Net Profit: $585,323 for 2024/25
Contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2891ML (quote when enquiring)
Property Code: 5371
Business Summary
Key Investment Insights
1. Leasehold opportunity for the iconic Frankston Motel, operated by the same owners for 18 years, indicating continuity and established reputation.
2. 24-room motel with consistently high occupancy and high ADR, providing stable accommodation revenue.
3. Monthly occupancies regularly peak over 80% since the pandemic, demonstrating resilient demand.
4. Average revenues of approximately $90,000 per month, indicating strong cashflow.
5. Adjusted Net Profit of $585,323 for 2024/25, showing healthy profitability.
6. Few local competitors, implying pricing power and market share advantages.
7. Year-round trading profile, with established demand across seasons and scope for higher yields under new ownership.
8. Strategic location at the gateway to the Mornington Peninsula, five minutes from ocean and bay beaches.
9. Good access to Frankston’s commercial and industrial precincts, the expanding Peninsula Hospital, and HMAS Cerberus approximately 30 minutes away, supporting diverse demand drivers.
10. Substantial 2.5-acre residential-zoned site, featuring a swimming pool and full-size tennis court, enhancing guest amenity and appeal.
11. On-site comfortable five-bedroom residence, facilitating owner accommodation and on-site management.
12. Established loyalty programme that is simple to operate, supporting repeat business and guest retention.
