Hamilton, Victoria
2336ML - 25 YEAR LEASE ON A HIGH PERFORMING MOTEL OPERATION
SOLD
Business Description
- Very strong established motel highly favoured by the trades and corporate markets.
- Unique corner position.
- Comfortable and pleasing made over rooms.
Bandicoot would be among the most popular motels in Hamilton, Victoria., with one of the best corporate occupancy levels for the entire state.
Further it has a "local friendly" restaurant, that would be suitable for sub leasing off. There's certainly enough income in this professionally efficient food and beverage operation to justify a split from the core business of room management.
Net profit $190,703 for 2016/17
Contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2336ML (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: 2411
Business Summary
Key Investment Insights
1. The motel has a unique corner position, making it stand out among other properties in the area.
2. The rooms have been recently renovated and are comfortable and pleasing, attracting positive reviews from guests.
3. The motel is highly favoured by the trades and corporate markets, with a high occupancy rate for these segments.
4. The motel has a "local friendly" restaurant that could be subleased, providing additional income for the business.
5. The restaurant is professionally efficient and has enough income to justify a split from the core business of room management.
6. The net profit for 2016/17 was $190,703, indicating a strong financial performance.
7. The location of the motel in Hamilton, Victoria is ideal, being situated between Melbourne and Adelaide and well-serviced by major highways.
8. Hamilton has a current population of around 9,250 and is only 285 kms from Melbourne.
9. The city of Hamilton has a thriving business and tourism industry, with excellent shopping, diverse architecture, and outstanding art galleries and botanic gardens.
10. The property has a unique code (2336ML) for easy identification and reference.
