Lakes Entrance, Victoria
Easy to manage. 40 room Motel, freehold and business.
SOLD
Business Description
The current Vendors choose to keep this business simple and easy to Manage.
Huge parcel of land and a huge amount of buildings on this great freehold.
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 23-24 is tracking to be its highest earnings !!
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
Key Investment Insights
1. The business for sale is a 40-room motel with freehold ownership.
2. The current owners have chosen to keep the business simple and easy to manage.
3. The property is situated on a large parcel of land with potential for future development.
4. The business has a strong return on investment and is considered a solid investment opportunity.
5. There is potential to increase occupancy rates by 30%.
6. The location of the motel provides beautiful panoramic views of the Gippsland Lakes and the Bass Straight/Ocean.
7. The land is zoned as General Residential Schedule 1, allowing for potential future expansion or development.
8. The motel has a state-of-the-art commercial kitchen and a 110-seat restaurant that is currently not in use.
9. There is potential for a new owner to offer breakfast, which could substantially increase bookings and profits.
10. The motel offers various room layouts to cater to different types of guests.
11. All rooms have modern facilities and there is a recently renovated commercial laundry on site.
12. The property has ample parking for guests.
13. The occupancy rate has been steadily increasing over the past 3 years and is expected to reach its highest earnings in 2023-2024.
14. The entire property has recently undergone renovations.
15. The motel is currently profitable and has potential for further growth in the popular tourism destination of Lakes Entrance.
16. The owner prefers pre-planned inspections and does not accept walk-ins.
17. Interested parties can contact Michael for an inspection or submit an online enquiry.
