Lakes Entrance, Victoria

40 room Motel, freehold and business. Huge upside.

$4,250,000

Business Description

Excellent RETURN IN INVESTMENT. Very solid business.
Opportunity to possibly raise the occupancy another 30%. Please enquire.
To make a living and love where you live, is as good as it gets.
This is a magnificent Motel, with prime exposure on the Main Road coming into Lakes Entrance.
As it sits on top of a hill, it provides beautiful panoramic views over the Gippsland Lakes and the Bass Straight / Ocean.
The land size is 7,400m2, with a large parcel still vacant and available for future development. ( see pictures )
On offer is a 40 room - Freehold Going Concern zoned as General Residential Schedule 1 - GRZ1
Possible 2nd Floor expansion and/or residential development opportunities. ( STCA ).
The investment in the land alone could be an amazing long term investment.
Large -State of the Art commercial kitchen and 110 seat restaurant that is not in use currently, but ready to go now.
Massive opportunity for a new Vendor to offer Breakfast, which would substantially increase bookings and NET profit $$$
Many variations of room layouts to cater for all types of guests that require their own configurations and/or special room sizes.
All motel rooms have great facilities, and a fairly new commercial laundry is set up for big volume of clientele.
Huge amount of parking for guest's.
The Occupancy Rate has been steadily climbing for the last 3 years, and should be well over 50% in 23-24.
The whole property has recently undergone internal and external renovations.
Currently a very profitable Motel business with vast opportunities for further growth in this very popular tourism, coastal town.
The Vendor has asked for pre-planned inspections and would prefer no walk-ins.
Please call Michael for an inspection on ---------- , or submit a enquiry online.

Business Summary

Marketing Agent
Michael Keltie
Michael Keltie

Business Brokers Network Australia

Business Brokers Network Australia

Key Investment Insights

1. Freehold and business for sale - opportunity to own both the property and the business.
2. Potential for significant return on investment.
3. Possibility to increase occupancy by 30%.
4. Prime location with high exposure on main road into Lakes Entrance.
5. Panoramic views of Gippsland Lakes and Bass Straight/Ocean.
6. Large land size with potential for future development.
7. 40 room motel with General Residential Schedule 1 zoning.
8. Potential for second floor expansion and/or residential development.
9. State of the art commercial kitchen and 110 seat restaurant.
10. Opportunity to offer breakfast and increase bookings and net profit.
11. Variety of room layouts to cater to different guest needs.
12. Modern facilities and commercial laundry.
13. Ample parking for guests.
14. Steady increase in occupancy rate over the past 3 years.
15. Recent renovations to the property.
16. Profitable business with potential for further growth in popular tourism town.
17. Pre-planned inspections preferred by the vendor.
18. Contact Michael for inspection or submit an online enquiry.
Listing location

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