Hamilton, Victoria
WHEN YOU ARE NO.1 IN TOWN, DEMAND IS STRONG - 2074ML
SOLD
Business Description
- Number 1 Best value motel in Hamilton as listed on Tripadvisor.
- Centrally located close to hotels, restaurants, cafes and supermarkets, this property ticks all the boxes for your guests.
- Also conveniently located near the prestigious Hamilton and Alexander College, Convention Centre and Showgrounds and the Western District Hospital, this is a preferred motel for guests visiting these establishments.
- Easy to run by one or two people, it offers a long lease with reasonable rent.
- With 10 motel rooms, including a two bedroom, two bathroom apartment, this property will continue to be in demand by their repeat guests.
- Recent refurbishments ensure this property presents like new, ensuring it stays No. 1.
Net Profit: $145,193 for 2022 calendar year
Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2074ML (quote when enquiring)
Location: Hamilton is at the base of the Southern Grampians and is ideally located between Melbourne and Adelaide. It is well serviced by major highways and has a regular daily air service to and from Melbourne. It has a current population of around 9,250 and is only 285 kms from Melbourne. Hamilton, both the geographic and business hub of the region, has been the centre of a large and wealthy pastoral industry for over one hundred and sixty years and has grown to become a thriving country city. Exhibiting style and quality, with excellent shopping, diverse architecture, an outstanding art gallery and stunning botanic gardens, this gracious city offers a first-class visitor experience.
Property Code: 4417
Business Summary
Key Investment Insights
1. Centrally located property close to amenities, making it convenient for guests.
2. Strong demand from guests due to its proximity to prestigious establishments such as Hamilton and Alexander College, Convention Centre and Showgrounds, and Western District Hospital.
3. Easy to run by one or two people, making it a manageable business.
4. Long lease with reasonable rent, providing stability and potential for future growth.
5. 10 well-maintained motel rooms, including a two bedroom, two bathroom apartment, catering to a variety of guest needs.
6. Recent refurbishments ensure the property stays in top condition, maintaining its No. 1 ranking.
7. Strong financial performance with a net profit of $145,193 for 2022 calendar year.
8. Located in the thriving city of Hamilton, which offers a first-class visitor experience with excellent shopping, diverse architecture, and stunning botanic gardens.
9. Well-serviced by major highways and a regular daily air service to and from Melbourne.
10. Potential for future growth and success in the hospitality industry.
