830 Fifteenth Street, Mildura, Victoria

FREEHOLD - Mildura River City Motel - 1P0471

Freehold Going Concern - $3,600,000

Business Description

Exceptional property offering a unique blend of profitability and lifestyle, within a well-established business and prime real estate area of Mildura, Victoria.

Key Features:

* Same owners operating for last 14 years
* 16 x rooms - Very well presented and in immaculate condition
* Ideal main street corner location in the heart of the Mildura CBD
* Approx. 91.4% occupancy rate in FY2023, followed by a strong 87.9%
occupancy rate in FY2024
* Booking.com has a current rating of 8.4 for the motel
* Car parking available to all rooms
* City views from all rooms
* Within walking distance to all amenities - cafes, shopping precincts and
food/eatery outlets
* Situated upon approx. 2,085m2 of C2Z – Commercial 2 Zoned land


Contact Kamal Sharma, the Exclusive Agent, direct on ---------- to arrange an inspection today.

Business Summary

Other Features / Notes

EXCLUSIVE, Freehold, Motel, New Price, VIC - North West
Marketing Agent
McDonald Hospitality Brokers (MHB)

McDonald Hospitality Brokers (MHB)

Key Investment Insights

1. Longstanding and successful business with the same owners for 14 years.
2. Immaculately presented and well-maintained property with 16 rooms.
3. Prime location in the heart of Mildura's CBD, with a high occupancy rate.
4. Strong financial performance with an average occupancy rate of 91.4% in FY2023 and 87.9% in FY2024.
5. Positive reviews on Booking.com with a current rating of 8.4.
6. Convenient amenities such as car parking and city views for guests.
7. Close proximity to cafes, shopping precincts, and food outlets.
8. Situated on a large 2,085m2 commercial zoned land.
9. Potential for further growth and development opportunities.
10. Exclusive agent for direct contact and inspection arrangements.
Listing location

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