Shepparton, Victoria
PREMIUM BUYING HERE IN STRONG REGIONAL CITY - 1865ML
LEASEHOLD $2,200,000
Business Description
- Back on the market after sale fell over!
- Number One rated motel in town as supported by TripAdvisor and Booking.com.
- 25 beautifully refurbished ground floor rooms with 4 star self rating.
- Brand new 30-year Lease with capped CPI.
- Amazing 3-bedroom residence with a modern kitchen that other properties would be jealous of.
- Just under 200 kms from Melbourne, strong corporate and event city.
- Offers guests outdoor saltwater swimming pool, barbeque area and secure gated entry/exit.
- Very attractive net profit with turnover increasing year on year, could be run under management.
- High occupancy rate due to location and presentation of this immaculate motel.
- Absolutely solid performer as the the best presented motel in the city.
Net Profit: $534,020 for 2022/23 as advised by vendor
Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1865ML (quote when enquiring)
Property Code: 5139
Business Summary
Key Investment Insights
1. Highly rated and well-regarded motel in a strong regional city.
2. 25 recently refurbished ground floor rooms with a 4-star self rating.
3. Brand new 30-year lease with capped CPI, providing stability and potential for long-term growth.
4. Spacious and modern 3-bedroom residence with a envy-worthy kitchen.
5. Located just under 200km from Melbourne, making it a popular destination for corporate and event travelers.
6. Offers guests a range of amenities, including a saltwater swimming pool, barbeque area, and secure gated entry/exit.
7. Strong net profit with increasing turnover year on year, potential for management to further improve profits.
8. High occupancy rate due to the motel's prime location and immaculate presentation.
9. Consistently performs as the best presented motel in the city.
10. Opportunity for further growth and development with the support of the experienced vendor.
11. Property ID: 1865ML, quote when enquiring.
12. Contact Andrew Cronin from Tourism Brokers for more information or to arrange an inspection.
13. Property Code: 5139.
