Cnr Hogan Street & Dhurringile Road, Tatura, Victoria
Exceptionally presented Leasehold Motel with huge growth potential
Under Contract / Offer
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. Leasehold motel on almost 2 acres of landscaped land, offering substantial site area for operations and potential expansion.
2. Twelve-unit property, fully renovated with new TVs, air conditioners, beds, mattresses and furniture, reducing near-term capital expenditure.
3. Owner residence renovated with updated kitchen, bathroom, paint and new carpet, supporting on-site management.
4. Certified commercial kitchen and existing restaurant area, providing ready capability to introduce food services.
5. Restaurant not currently utilised, presenting a clear revenue uplift opportunity through cooked breakfasts or dining operations.
6. Sole motel in Tatura, capturing primary accommodation demand for the town.
7. Close proximity to Shepparton and local event activity, driving intermittent high-occupancy periods.
8. Regional mix of industry, agriculture and manufacturing, delivering strong repeat corporate and worker clientele.
9. On-site parking for trucks, trailers and extra vehicles, appealing to trade and long-stay guests.
10. Recently renewed lease offering a 25-year term, providing long-term tenure and stability for new owners.
11. Turnkey operation with major refurbishment completed, enabling immediate income generation post-acquisition.
12. Suitable as an owner-operator starter motel or an add-on asset for a portfolio, given condition, location and upside potential.
