Penola, South Australia

THERE’S MORE THAN ONE WAY TO SKIN A CAT - 2814MF

SOLD

Business Description

ALEXANDER CAMERON SUITES at Penola sits about half way between Melbourne and Adelaide, offering a smart alternative to intercapital travellers. It‘s a tad longer but far less boring!

And what a great place for an overnight stop (we’re not all in a rush to drive straight through). Alexander Cameron Suites has 18 units to choose from, all in immaculate up to date condition. By far the best in town.

This is a high occupancy motel. A favourite of the corporates. Over the 2023 financial year, its average room rate broke the $170 mark.

And there’s more. No Transfer Duty. Zilch. Nothing. Been that way for a few years now. Compared to other states, that’s a saving of about $100,000 compared to Victoria and much more in other states. Let alone the 30 KWH of solar on the roof. You’ll be doing your bit in the war against Climate Change! (It’s all bought and paid for).

Do yourself a favour and the economy of Penola. Spend a few hours behind the raft of winery cellar doors. There’s only about 30 of them in the Coonawarra district. Cheers!

Net Profit: $581,258 for 2022/23

Contact Reg Partington from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2814MF (quote when enquiring)

Property Code: 4766

Business Summary

Marketing Agent
Reg Partington
Reg Partington

Key Investment Insights

1. High occupancy motel with 18 immaculate and up-to-date units
2. Located in Penola, a smart alternative for intercapital travellers between Melbourne and Adelaide
3. Average room rate for the 2023 financial year broke $170 mark
4. No Transfer Duty, saving approximately $100,000 compared to other states
5. 30 KWH of solar on the roof, contributing to the fight against Climate Change
6. Opportunity to explore the Coonawarra district and its 30 winery cellar doors
7. Net profit of $581,258 for 2022/23
8. Contact Reg Partington from Tourism Brokers for further information or to arrange an inspection
9. Property ID: 2814MF
10. Property Code: 4766
Listing location

This Business is sold

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Motels For Sale

You may also like

Strategic Location Christchurch Central
Seeking a dedicated and proactive Building Manager (contractor)
Enviable Lifestyle with a Reliable Cashflow
Freehold Business in Lambton for $3.25M, Developers Dream - 125HF
Large & Profitable in Napier
Lake Boga Pub - 1P6058
Exceptional FHGC Caravan Park for Sale in Historic Charters Towers - 1056CPF
EASY Business and LARGE Remuneration with 3% annual increase!
Byron Bay Boutique Beachside Lifestyle Business | Resort Brokers ID : MR008358
TWO SIDE-BY-SIDE PERMANENTS NETTING $583K FOR 4.8X MULTIPLIER | Resort Brokers ID : MR008354
OFF THE PLAN PERMANENT MANAGEMENT RIGHTS | LITTLE EAGLE NUDGEE BY PEET
FOR SALE BY EXPRESSIONS OF INTEREST - LaTrobe Motel Morwell VIC - 1P0435
GREAT STARTER MOTEL LEASE - NORTHERN RIVERS NSW
Prime Freehold Opportunity: 41 Key Property Just 1 Hour from Hobart  | Resort Brokers ID : FH008355
EARN BIG WITH THIS NEW MLR BUSINESS-ONLY IN NEWPORT’S MASTERPLAN | Resort Brokers ID : MR008330
Prime Passive Investment Motel with secure tenants and exceptional potential! | Resort Brokers ID : INV008342
TURNKEY LEASHOLD OPPORTUNITY, EASE OF OPERATION, RUN REMOTELY | Resort Brokers ID : LH008359
Strong Trading Well Presented Caravan Park on The Tablelands - 1P5799CP