363 Allan Street, Kyabram, Victoria

Kyabram Country Motel, VIC - 1P0023

Leasehold $395,000

Property Description

An excellent opportunity to enter the accommodation industry.

Beautifully presented and stylishly decorated 14 room Motel, located in the lovely Victorian country town of Kyabram.

The Motel has recently undergone renovations and improvements across its rooms and facilities, offering a diverse range of well-appointed rooms to suit the corporate traveller, tradespeople, families, grey nomads and passing tourists alike.

Featuring:

* Long Lease with good terms to 2046
* Buyers Yield of approx. 33.9%
* Excellent Lease terms with rent at 20% of Turnover
* Strong and continued growth across revenue & profitability
* 3 bedroom family residence
* Many improvements and renovations across rooms and facilities
* Private relaxing BBQ and picnic area
* Good signage and well-maintained grounds
* Fully equipped Reception area
* Ample guest parking
* Currently (approx.) 80% occupancy rate

This is a strongly performing Motel business with continued and consistent growth.

An inspection is highly recommended.

Contact Ian McDonald at MHB today for further information on this terrific Motel business today.

Property Summary

Motel Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -

Other Features / Notes

Leasehold, Motel, VIC - North
Marketing Agent
McDonald Hospitality Brokers (MHB)
McDonald Hospitality Brokers (MHB)

McDonald Hospitality Brokers (MHB)

Listing location
Gallery

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