Orbost, Victoria
2468ML - A STRONG 33% RETURN ON A 27 YEAR LEASE? AMAZING!!!!
SOLD
Business Description
- 15 units that present as brand new four star.
- High average room yield with no price resistance.
- Strong in both corporate and domestic tourism.
- A beautiful place to stay - for more than just a day.
Orbost. So close to the cross roads for those travelling to all points of the compass, be it a break for the day when doing the capital city highway, or to the high country, even ACT.
And now there's new industry on the Strait, new industry that already loves Orbost Motel!
Note: Victorian leasehold purchases do not attract state stamp duty, the lessee is not responsible for the lessor's land tax, vendor's personal guarantees do not apply at transfer, compulsory market review occurs at start of every option, and rent can move downward.
Net Profit $160,954 for 2015/16
Contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2468ML (quote when enquiring)
Location: Explore the heart of Snowy River country from Orbost, a small East Gippsland town. It is an important service centre for what has developed into a major cattle and agricultural district and is also surrounded by coastal rainforests and hinterlands.
Orbost's commercial centre is along Nicholson Street and includes two supermarkets, a selection of shops and a few hotels. At the northern end of the commercial centre, at the Salisbury Street roundabout, is a memorial clocktower. As Nicholson Street heads northwards, it breaks out into a wide boulevard with lawns and trees along its central strip.
East Gippsland is the major geographic and economic region in eastern Victoria. It covers more than 21,000 square kilometres and stretches from Bairnsdale to Mallacoota on the VIC/NSW border.
With its affordable property prices, reliable and stable workforce, excellent infrastructure and clean, healthy and safe environment, East Gippsland has a growing population of 42,000 people, who enjoy its stunning natural environment, mild climate and easy lifestyle.
Property Code: 2175
Business Summary
Key Investment Insights
1. The business for sale is a motel located in Orbost, a small town in East Gippsland, Victoria.
2. The motel has 15 units that are in brand new condition and have a four-star rating.
3. The average room yield is high and there is no price resistance.
4. The motel caters to both corporate and domestic tourists.
5. Orbost is a popular stopover for travelers heading to different destinations, making it a convenient location for a motel.
6. The town is also experiencing growth with the addition of new industries.
7. Victorian leasehold purchases do not attract state stamp duty and the lessee is not responsible for the lessor's land tax.
8. The vendor's personal guarantees do not apply at transfer and rent can potentially decrease.
9. The net profit for 2015/16 was $160,954.
10. The location of Orbost allows for easy exploration of the Snowy River region and its coastal rainforests and hinterlands.
11. East Gippsland is a major geographic and economic region in eastern Victoria with a growing population of 42,000 people.
12. The region offers affordable property prices, a reliable and stable workforce, excellent infrastructure, and a clean and safe environment.
13. The property code for this business is 2175.
