Melbourne, Victoria
Motel in an absolute prime land/location. Freehold and Business.
$5,900,000
Business Description
Buying a great Motel in the best location is an investment that only gets better over time.
As an Investor, if you buy a income producing asset, you also want to be sure when its time for an Exit strategy, your asset is still very valuable in the market.
Located approx a 3 hour drive from Melbourne, in a beautiful coastal town that is always busy with travelling workmen, businessman and tourists.
The Vendors have been here a long time, and these first rate Motels only come on the market every 20- 30 years.
These Motel freeholds are too good to sell, become a very lucrative income stream and have made the Vendors very comfortable in life.
Approx 35+ rooms with many extra facilities.
The Land Bank alone is approx 1.2 acres with access to both the front and rear of the property. You are buying possibly the No 1 position in town.
The Vendors stopped taking bus groups in, as they became to difficult to manage as we get on in life.
The motel can easily cater for Bus groups that should increase the occupancy rate at least another 10%. ( these groups would be taken in during the quieter times, and not the peak periods )
Currently Occupancy is around 67%.
Serious buyers only please, and a Confidentiality Agreement must be signed.
An inspection and due diligence is welcomed to substantiate all areas of the purchase of this freehold/business.
Photos are not of the Motel or Location, but for display purposes only.
Please submit an Enquiry, or call Michael NOW on ---------- .
Business Summary
Key Investment Insights
1. Prime location: The motel is situated in a highly desirable location, which is a major factor in its success. This location is a key selling point for the business.
2. Freehold and business: The sale includes both the freehold property and the business, providing the buyer with a valuable income-producing asset.
3. Long-term investment: The motel has been in operation for a long time and has become a highly profitable business. This makes it a secure and stable investment for potential buyers.
4. Busy tourist town: The motel is located in a popular coastal town that attracts a steady stream of tourists, businessmen, and traveling workers. This ensures a consistent flow of customers and a high occupancy rate.
5. Rare opportunity: Motels in this location and of this caliber only come on the market every 20-30 years, making this a rare and valuable opportunity for potential buyers.
6. High income potential: The motel has 35+ rooms and offers many additional facilities, providing a high income potential for the new owner.
7. Large land bank: The property sits on a large 1.2-acre land, with access to both the front and rear of the property. This adds to the value of the purchase and provides potential for future development.
8. Potential for growth: The current occupancy rate is around 67%, leaving room for potential growth. The motel could easily cater to bus groups, increasing the occupancy rate by at least 10%.
9. Confidentiality: The sale requires serious buyers only, and a confidentiality agreement must be signed. This ensures the privacy and security of the business and its operations.
10. Due diligence: The seller welcomes potential buyers to conduct an inspection and due diligence to verify all aspects of the purchase. This adds transparency and credibility to the sale.
11. Professional representation: The seller is represented by a professional agent, providing potential buyers with a reliable and trustworthy source of information.
12. Enquiry process: Interested buyers can submit an enquiry