Beachway Motel & Restaurant is Ulverstone's popular 29-room leasehold motel with a 3-bedroom manager residence.
Excellent turnover exceeding $1.2 million and 4-star Google ratings, this is an outstanding opportunity in North West Coast of Tasmania.
An impressive ROI >31% with occupancy>77% in FY2023, it is a rare motel offering on the market.
Offering a 30-year lease ensuring substantial returns for the incoming owners.
This property has undergone extensive renovations, shines with exceptional rooms, and requires no further investment, showcasing a consistent surge in turnover year on year.
Located en-route to Burnie and Stanley, mere minutes away from Buttons Beach.
Set on approx. two acres of meticulously landscaped gardens, it offers a serene escape amid nature's splendour.
Welcoming tourists, repeat guests, tour groups, and corporate visitors.
Guests enjoy meals at the motel's 50-seat fully licensed restaurant which serves breakfast, lunch, and dinner.
The owners spare no effort in offering top-notch amenities, including standard rooms, self-contained apartments, an outdoor pool, guest laundry, and various other features to ensure a memorable stay for all patrons.
Corporates & groups take advantage of the function/conference hall featuring wide windows, a generous dance floor, and speakers.
Discover endless growth potential with Beachway, inviting entrepreneurs, investors, and experienced operators to make their mark in this thriving motel.
Asking offers over $1.298 Million+SAV.
Interested buyers please fill out a confidentiality agreement on our website, qualified buyers will be supplied with the financials.
Lodge an enquiry or email our professional business brokers for an inspection. Phone Neha Suyal at ---------- or contact Paul Scott at ---------- email: ----------
INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.
Key Insights:
1. 29-room leasehold motel with a 3-bedroom manager residence
2. Excellent turnover exceeding $1.2 million and 4-star Google ratings
3. Impressive ROI of >31% with occupancy >77% in FY2023
4. 30-year lease ensuring substantial returns for incoming owners
5. Extensive renovations completed and no further investment required
6. Located en-route to popular tourist destinations
7. Set on approximately two acres of landscaped gardens
8. Attracts a diverse range of guests including tourists, repeat guests, tour groups, and corporate visitors
9. Fully licensed restaurant serving breakfast, lunch, and dinner
10. Offers standard rooms, self-contained apartments, outdoor pool, guest laundry, and function/conference hall
11. Endless growth potential for entrepreneurs, investors, and experienced operators
12. Asking price of over $1.298 million + SAV
13. Confidentiality agreement required for financial information
14. Interested buyers can contact professional business brokers for an inspection.
