Cnr Hogan Street & Dhurringile Road, Tatura, Victoria
Exceptionally presented Leasehold Motel with huge growth potential
$1,150,000
Business Description
Set on almost 2 acres of beautifully landscaped land, this 12 unit leasehold motel is a wonderful all rounder. All 12 units have been renovated, with new TV's, air conditioners, beds, mattresses and furniture providing comfort and convenience for guests. The works have also been extended to the residence, with the kitchen and bathroom being renovated as well as painted and new carpet throughout. The Motel has also has a certified commercial kitchen, which would allow you to utilise the restaurant area (not currently being utilised) and also start to do cooked breakfasts to increase Motel income.
Tatura Country Motel is the only Motel in town, so is the beneficiary of the many events held in both Tatura and also Shepparton due to its close proximity. Tatura's mix of industry, agriculture and manufacturing in the region lends itself to strong, repeat clientele to the Motel. The ability for patrons to park trucks, trailers and extra vehicles is also a plus for workers and again is another reason the Motel has such strong repeat patronage. The Motel Vendors have just renewed the lease, so a 25 year lease is now on offer for new owners.
This really is a turnkey opportunity for someone to come and run an already well performing business where all the hard work is done. What an opportunity to either make this your first Motel or add it to your portfolio.
Business Summary
Key Investment Insights
1. Well-maintained and renovated 12 unit leasehold motel with potential for growth.
2. Situated on almost 2 acres of beautifully landscaped land.
3. All units and residence have been recently renovated, providing comfort and convenience for guests.
4. Certified commercial kitchen allows for potential restaurant use and cooked breakfasts to increase income.
5. Beneficiary of events held in Tatura and Shepparton due to its close proximity.
6. Strong repeat clientele due to the mix of industry, agriculture, and manufacturing in the region.
7. Ability to accommodate trucks, trailers, and extra vehicles is a plus for workers and contributes to strong repeat patronage.
8. Recently renewed 25 year lease offers stability for new owners.
9. Turnkey opportunity for someone to run a well-performing business.
10. Potential for first-time motel owners or to add to an existing portfolio.
