Frankston, Victoria
I DO LIKE TO BE BESIDE THE SEASIDE - 2891ML
UNDER OFFER
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 offering of the iconic Frankston Motel, operated by the same owners for 18 years, indicating stable management and established reputation.
2. 24-room motel with consistently high occupancy and average daily rate, producing monthly revenues averaging $90,000.
3. Monthly occupancies have regularly exceeded 80% since the pandemic, demonstrating resilient, year-round demand.
4. Few local competitors, implying strong market position and opportunity to increase yields under new ownership.
5. Adjusted Net Profit of $585,323 for 2024/25, signalling healthy profitability for a leasehold operation.
6. Strategic location at the gateway to the Mornington Peninsula, under five minutes from ocean and bay beaches.
7. Good access to Frankston’s commercial and industrial precincts, the expanding Peninsula Hospital, and HMAS Cerberus about 30 minutes away, supporting diverse demand drivers.
8. Property sits on 2.5 acres in a residential setting, providing space, privacy and potential for guest amenities.
9. On-site leisure facilities include a swimming pool and a full-size tennis court, enhancing guest experience and appeal.
10. Includes a comfortable five-bedroom on-site residence, supporting owner accommodation or staff housing.
11. Simple, effective loyalty programme in place, easily operated by new owners to retain repeat guests.
12. Family-friendly catchment with nearby faith and state schools plus sporting clubs, supporting midweek and family bookings.
