Meningie, South Australia

Leasehold opportunity overlooking Lake Albert, just 1.5hrs from Adelaide | Resort Brokers ID : LH008012

$385,000

Business Description

ResortBrokers presents the Leasehold opportunity of the Lake Albert Motel, just 1.5hrs from Adelaide and situated across the road from the peaceful Lake Albert

This opportunity to buy yourself a home and an income will not disappoint, it's an ideal choice for a hands-on operator duo. The property features a good size 3-bedroom residence, outstanding street appeal, excellent road signage and all perfectly situated within walking distance to the town's many facilities.

With a diverse business model that includes a 14-key refurbished motel, a commercial laundry on a separate lease and it has further potential for growth through an on-site café currently not utilised, backed by a newly negotiated and signed 25-year lease providing security for the new owner.

- Home and income opportunity perfect for a hands on couple
- Efficient 14-key simple operation motel, neat and tidy.
- Potential growth through café operation for public and guests.
- Secured investment with a newly signed 25-year lease.
- Diverse business including commercial laundry and motel
- Upside via driving occupancy and operating cafe
- Prime location in CBD, 1.5hrs from Adelaide, near Lake Albert.
- Significant refurbishments and replacements in recent years.
- Comfortable living with a good-sized 3-bedroom manager's residence.
- Inspections by appointment
Date updated: 01 Dec 2023 00:00:07

Business Summary