Mildura, Victoria
EXCEPTIONALLY RARE MONEY MAKER WITH HUGE UPSIDE - 2605ML
LEASEHOLD $1,995,000
Business Description
- 38 rooms incorporating 2 self-contained apartments
- 70% Occupancy with room to grow
- Mixture of standard and executive corporate suites
- Reliable financial performer, currently under management and managers wish to remain.
- Entrance/departure canopy of approximately 103 sqm. It has a Colorbond roof, pebblecrete concrete paving and feature façade.
Mixture of King Deluxe, King Executive, King Twin, King Spa and 2 Two-bedroom apartments. The self-contained two-bedroom apartments feature a full-sized fridge and have a concealed laundry with trough, top loader washing machine and wall mounted dryer.
Fully licensed restaurant and bar offering seating for approximately 80+ guests – 50 inside and 30 outside alfresco style overlooking the pool area, and is supported by a full commercial kitchen and appropriate staff.
A lucrative opportunity thanks to its stable corporate trade, renowned onsite restaurant, and prime CBD-edge location.
Prime Location: Situated on bustling street, the motel is within walking distance of the CBD, driving high visibility and easy access for passing trade.
Consistent Corporate Clientele: Redesigned with business travellers in mind, it benefits from a highly stable, year-round corporate customer base offering secure, recurring revenue.
Renowned Onsite Dining: Features the highly respected Restaurant, which draws consistent foot traffic from the local community as well as in-house guests.
Established Brand Trust: Operating under the globally recognized brand provides immediate access to established loyalty programs, online booking platforms, and marketing networks.
Turnkey Leisure Features: Includes strong leisure amenities like an outdoor solar-heated pool, guest laundry, and modern, accessible 4.5-star rooms.
Confidentiality requirements exist
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2605ML (quote when enquiring)
Property Code: 5481
Business Summary
Key Investment Insights
1. 70% current occupancy, clear upside opportunity to increase revenue through yield management and marketing.
2. 38 rooms including two self-contained two-bedroom apartments, providing both short-stay and family/corporate options.
3. Diverse room mix with King Deluxe, King Executive, King Twin, King Spa and executive corporate suites, catering to multiple market segments.
4. Strong, stable year-round corporate clientele, delivering recurring revenue and lower seasonal volatility.
5. Currently managed with reliable financial performance, managers wish to remain, offering continuity and turnkey operations.
6. Fully licensed restaurant and bar with seating for approximately 80 guests and a full commercial kitchen, generating ancillary F&B income and local foot traffic.
7. Renowned onsite dining draws community patrons as well as guests, supporting food and beverage profitability beyond room revenues.
8. Prime CBD-edge location on a bustling street within walking distance of the CBD, high visibility and easy access for passing trade.
9. Turnkey leisure amenities including an outdoor solar-heated pool, guest laundry and modern accessible 4.5-star rooms, enhancing guest appeal and ADR potential.
10. Prominent entrance/departure canopy of approximately 103 sqm with feature façade, improving curb appeal and first impressions.
11. Operates under a globally recognised brand, providing immediate access to loyalty programmes, online booking channels and established marketing networks.
12. Confidential sale process in place, enquiries directed to the named Tourism Brokers contact for further information or inspection.
