2173 Glenelg Highway, Lake Bolac, Victoria
FREEHOLD - Lake Bolac Motel - 1P0565
Freehold Going Concern - $695,000
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 - West Key Investment Insights
AI generated. Confirm details with the seller.
1. Freehold property and operating motel business are included in the sale.
2. Eight ground floor units offer Queen, Twin and Family configurations with ensuite bathrooms.
3. Rooms feature reverse cycle air conditioning, Smart TVs and bar fridges.
4. Direct Glenelg Highway frontage captures east west and north south regional traffic.
5. Located approximately one kilometre from Lake Bolac foreshore.
6. 13KW solar and battery system supports the motel’s infrastructure.
7. Roof replacement and ongoing asset replacement have helped maintain modern amenities.
8. Low overheads and established infrastructure support an easy run operation.
9. Private garden and excellent owner accommodation suit an owner operator.
10. Approximately 3070 square metres of Township Zoned land provides an established property base.
11. The listing identifies scope to increase occupancy and turnover.
12. Potential exists for remote operation as an addition to an existing accommodation business.
