77 Wellington Street, Kerang, Victoria

Kerang Motel & Function Space - 1P5974

Leasehold $570,000

Business Description

CRE Brokers are pleased to be offering for sale as a Leasehold Business the Kerang Motel in Kerang, Victoria.

Situated right in the centre of town, within walking distance to all of Kerang`s amenities, this well-presented motel has much to offer the buyer.

The motel features 10 well-appointed rooms with a diverse range of accommodation options, relaxing outdoor areas across the lovely big verandah in front of the rooms, good motel signage, 20KW Solar system, full LED upgrade, ample guest parking plus entrance via the rear of the motel for larger vehicle access.

There is also a very comfortable one bedroom manager's residence.

As an added bonus and additional income source, the motel also offers a fully licenced and equipped spacious restaurant/function room and bar, 'the K Bar' that can host up to 200 people plus a full commercial kitchen. This is the perfect venue to host weddings, birthday parties, reunions, anniversaries, training courses and corporate functions and is currently available to hire any day of the week.

This property is ripe for the taking for the savvy motel operator with vision. The stage 2 wind farm starting will certainly increase profits and be a boost for the whole community.

Business Summary

Other Features / Notes

A:LEASEHOLD, B:MOTEL, C:VIC - North

Marketing Agent

Phil Mammolito

CRE Brokers

Key Investment Insights

1. Prime location in the centre of Kerang, within walking distance to all amenities.
2. Well-presented motel with 10 well-appointed rooms and diverse accommodation options.
3. Relaxing outdoor areas and ample guest parking.
4. 20KW solar system and full LED upgrade.
5. Comfortable one bedroom manager's residence.
6. Additional income source from fully licensed and equipped restaurant/function room and bar.
7. Capacity to host up to 200 people for various events and functions.
8. Full commercial kitchen.
9. Potential for increased profits with the upcoming stage 2 wind farm project.
10. Opportunity for a savvy motel operator with vision.