Mildura, Victoria
2605ML - LOOKING FOR THE BEST IN TOWN, THEN CHECK THIS ONE OUT
SOLD
Business Description
- Motivated Vendor.
- Excellent Income, with great net profit.
- Known as one of the best choices to stay by corporate and families.
- Long 23 year lease remaining.
- Modern brick veneer motel.
- Residence onsite with space and comfort.
- Upgrades completed: new carpet, curtains, premium bedding and 80% of new air conditioners installed.
- Centrally located with hotels and eateries within walking distance.
- Consistent trade and income with high occupancy.
Net Profit: $277,742 for 2019/20
Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2605ML (quote when enquiring)
Location: Mildura is a major regional city of some 60,000 people located near the north-western tip of the state and at the centre of an area known as 'Sunraysia'. The settlement is 560 km north-west of Melbourne and is flanked to the north by the Murray River. Mildura is also a riverside resort, drawing hundreds of thousands of visitors each year. In this regard it is literally an oasis in the desert and its paddle steamers, lush golf course and other attractions are a welcome site after many kilometres of consistently dry brown terrain and wheat fields.
Property Code: 3671
Business Summary
Key Investment Insights
1. Excellent income and net profit make this business a lucrative opportunity for potential buyers.
2. The business has a strong reputation for being one of the best choices for corporate and family stays in the area.
3. The long 23-year lease remaining provides stability and security for the business.
4. The modern brick veneer motel is well-maintained and offers a comfortable stay for guests.
5. The onsite residence adds convenience and space for the owner.
6. Recent upgrades, including new carpet, curtains, premium bedding, and air conditioners, have improved the overall quality of the business.
7. The location is central and within walking distance to hotels and eateries, making it convenient for guests.
8. The business has a consistent trade and high occupancy rate, ensuring a steady income.
9. The net profit for 2019/20 was $277,742, making it a profitable investment.
10. Mildura is a popular regional city with a population of 60,000 and is a popular tourist destination, providing a steady flow of potential customers for the business.
