2173 Glenelg Highway, Lake Bolac, Victoria
UNDER CONTRACT - Lake Bolac Motel - 1P0565
Freehold Going Concern - $795,000
Business Description
MHB is delighted to present the Freehold Going Concern Business sale of the Lake Bolac Motel.
A well-presented 8-room regional motel located directly on the Glenelg Highway. Strategically located on the main road 1 hour from Ballarat, it captures east west traffic connecting Ballarat and Hamilton and North South Traffic connecting the Grampians, Ararat, Stawell and Horsham to the Surf Coast, Warrnambool and the wider Otway region.
Key Features:
* Freehold property + operating business included.
* 8 ground-floor units: Queen, Twin and Family room configurations.
* Reverse-cycle air-conditioning, Smart TVs and bar fridges in each room.
* Asset replacement cycle keeps each year has keep this business with modern amenities.
* Ensuite bathrooms.
* Easy-run, low-overhead motel.
* Strong highway traffic exposure.
* Located just 1km from the Lake Bolac foreshore.
* 13KW Solar and Battery System.
* Electrics ready for boiler replacement if that was desired.
* Roof replaced on current owner's purchase.
* Scope to increase occupancy.
* Located upon approx. 3070m2 of (TZ) Township Zoned land
Plenty of scope exists for a shrewd operator to increase occupancy and therefore turnover.
Consider running remotely as an addition to your accommodation, or as a wonderful lifestyle business as an owner operator.
An excellent Owners accommodation exists with a wonderful private garden.
For more information or to make an enquiry, contact Evan Stewart direct on ---------- or contact the MHB Office on ---------- .
Business Summary
Other Features / Notes
EXCLUSIVE, FREEHOLD GOING CONCERN, Motel, Under Contract, VIC - WestKey Investment Insights
1. Freehold sale including the operating business, offering ownership of land and motel income stream.
2. Well-presented 8-room motel, all ground-floor, with Queen, Twin and Family room configurations.
3. Rooms fitted with reverse-cycle air-conditioning, Smart TVs, bar fridges and ensuite bathrooms, indicating guest-ready amenities.
4. Ongoing asset replacement cycle has kept facilities modern and maintained.
5. Easy-run, low-overhead operation suitable for minimal day-to-day management.
6. Prime highway frontage on the Glenelg Highway, capturing east–west traffic between Ballarat and Hamilton and north–south traffic linking the Grampians and Surf Coast.
7. Located approximately 1 km from the Lake Bolac foreshore, adding local leisure appeal.
8. 13 kW solar and battery system in place, reducing energy costs and improving sustainability.
9. Roof replaced by current owner, and electrics pre-wired for boiler replacement, reducing near-term capital expenditure.
10. Substantial site of about 3,070 m2 zoned Township, presenting potential for expansion or enhancement.
11. Clear scope to increase occupancy and turnover, presenting upside for a proactive operator.
12. Suitable for remote management as an add-on to existing accommodation assets, or as a lifestyle owner-operator opportunity, with excellent owners accommodation and private garden.
