Cnr Hogan Street & Dhurringile Road, Tatura, Victoria
Exceptionally presented Leasehold Motel with huge growth potential
SOLD
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 space for parking, guest amenities or future expansion.
2. Twelve renovated units, each fitted with new TVs, air conditioners, beds, mattresses and furniture, reducing immediate capex.
3. On-site residence renovated with updated kitchen, bathroom, paint and new carpet, supporting owner-operator accommodation.
4. Certified commercial kitchen in place, enabling restaurant use and introduction of cooked breakfasts to grow revenue.
5. Restaurant area currently unused, presenting clear upside and ancillary income opportunity.
6. Only motel in Tatura, providing monopoly-style demand capture for local accommodation needs.
7. Proximity to Shepparton and local event calendar drives strong periodic demand and bookings.
8. Location within a mixed industry, agriculture and manufacturing region underpins strong repeat corporate and worker clientele.
9. Ample parking for trucks, trailers and extra vehicles, a competitive advantage for tradies and long-haul drivers.
10. Recently renewed lease with a 25-year term available to new owners, offering long-term operational security and bankability.
