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
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.