2173 Glenelg Highway, Lake Bolac, Victoria
FREEHOLD - Lake Bolac Motel - 1P0565
Freehold Going Concern - $725,000
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 operating motel business, offering land and income stream in one transaction.
2. Eight ground-floor units in Queen, Twin and Family configurations, providing flexible room mix for varied guest types.
3. Each room fitted with reverse-cycle air-conditioning, Smart TVs and bar fridges, demonstrating contemporary guest amenities.
4. Ongoing asset replacement cycle has maintained modern amenities, reducing immediate capital expenditure for a new owner.
5. Ensuite bathrooms in all units, supporting mid-range accommodation positioning.
6. Low-overhead, easy-run operation, suitable for remote management or owner-operator model.
7. Prime highway exposure on the Glenelg Highway, capturing east–west and north–south regional traffic flows between Ballarat, Hamilton, the Grampians and the Surf Coast.
8. Approximately 1 hour from Ballarat and only 1 km from Lake Bolac foreshore, combining through-traffic catchment with local tourism appeal.
9. 13 kW solar and battery system installed, offering reduced energy costs and sustainability benefits.
10. Recent capital works including roof replacement on current owner’s purchase, and electrics prepared for boiler replacement, lowering near-term maintenance risk.
11. Large approx. 3070 m2 Township Zoned parcel, providing potential for expansion, redevelopment or amenity enhancement.
12. Separate excellent owners accommodation with private garden, valuable for on-site management or lifestyle use.
