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 from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2891ML (quote when enquiring)

Property Code: 5371

Business Summary

Marketing Agent

Reg Partington

0407 41....

Tourism Brokers

Key Investment Insights

AI generated. Confirm details with the seller.

1. Leasehold opportunity for the iconic Frankston Motel, presented exclusively to market under Property ID 2891ML.
2. Operated by the same owners for 18 years, signalling stable management and well-maintained asset.
3. 24-room motel with high occupancy consistently above 80% since the pandemic, indicating strong demand.
4. High average daily rate performance referenced, contributing to robust revenue generation.
5. Monthly revenues averaging approximately $90,000, demonstrating solid top-line cashflow.
6. Adjusted Net Profit of $585,323 for 2024/25, providing clear recent profitability.
7. Few local competitors, supporting pricing power and occupancy resilience year-round.
8. Strategic location at the gateway to the Mornington Peninsula, five minutes from ocean and bay beaches, and close to Frankston commercial and industrial precincts.
9. Proximity to growth drivers including the expanding Peninsula Hospital and HMAS Cerberus 30 minutes away, supporting ongoing demand.
10. Property occupies 2.5 acres with onsite amenities including a swimming pool, full-size tennis court, and a very comfortable five-bedroom residence.
11. Established customer loyalty program in place and described as easily operated by new owners, supporting repeat business and retention.