2173 Glenelg Highway, Lake Bolac, Victoria
FREEHOLD GOING CONCERN - 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, VIC - WestKey Investment Insights
1. Freehold sale includes the operating business, offering land and income in one transaction.
2. Prime main road location on the Glenelg Highway, capturing east–west traffic between Ballarat and Hamilton and north–south traffic linking the Grampians, Ararat, Stawell and Horsham to the Surf Coast and wider Otway region.
3. Approximately one hour drive from Ballarat, supporting regional through-traffic and accessibility to larger centres.
4. Eight ground-floor units with Queen, Twin and Family configurations, all with ensuite bathrooms.
5. Modern in-room amenities including reverse-cycle air-conditioning, Smart TVs and bar fridges, maintained via an asset replacement cycle.
6. Recent capital works and maintenance noted, roof replaced on current owner’s purchase, electrics prepared for boiler replacement.
7. Low-overhead, easy-run motel operation, suited to efficient management.
8. 13 kW solar and battery system in place, reducing operating energy costs.
9. Substantial site of approximately 3070 m2 within Township Zoned land, providing potential for on-site flexibility.
10. Located just 1 km from the Lake Bolac foreshore, enhancing leisure and tourist appeal.
11. Clear upside for a shrewd operator to increase occupancy and turnover, with options to operate remotely or as an owner-operator lifestyle business.
