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 going-concern sale, offering purchase of both the property and the operating motel business.
2. Eight ground-floor units with Queen, Twin and Family configurations, all with ensuite bathrooms.
3. Modern in-room features including reverse-cycle air-conditioning, Smart TVs and bar fridges.
4. Regular asset replacement cycle maintained modern amenities, reducing near-term capital expenditure.
5. Low-overhead, easy-run operation, suitable for remote management or owner-operator lifestyle business.
6. Strong highway exposure on the Glenelg Highway, capturing east–west and north–south traffic between Ballarat, Hamilton, the Grampians and the Surf Coast.
7. Located approximately 1 hour from Ballarat and 1 km from the Lake Bolac foreshore, providing both transit and leisure demand.
8. 13 kW solar and battery system installed, contributing to reduced energy costs and sustainability.
9. Recent capital works include a replaced roof, and electrics are prepped for straightforward boiler replacement.
10. Situated on approx. 3,070 m2 of Township Zoned land, with an excellent owners accommodation and private garden, and clear scope to increase occupancy and turnover.
