Victoria
A Cracking Freehold Motel With Huge Potential - 2168MF
FREEHOLD $6,000,000
Business Description
- A 34 room ground floor motel in the heart of the Gippslands.
- Sitting on 5,277 m2, a development dream.
- Main street frontage with rear access.
- Can be split into Restaurant and 12 rooms, leaving 22 rooms, breakfast / dining area and residence (STCA).
Ready to take it to the next step?
- Create a website (never had one)
- Increase tariffs (not done in years - cheapest motel in town)
- Accept bus trade enquiries (not currently taking them)
- Create lease with extra rent from restaurant (minimum $50,000 per annum)
These are just a few examples of where your entrepeneur mindset can take you to boost this motel in to the next millenium. Enquire now for more information.
Net Profit: $674,088 for 2023/24 (as provided by vendor)
Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2168MF (quote when enquiring)
Property Code: 5158
Business Summary
Key Investment Insights
1. Prime location in the heart of Gippsland, with potential for development on the 5,277m2 property.
2. Main street frontage with rear access, providing convenience and accessibility for guests.
3. Versatility in potential use, with the ability to split the property into a restaurant and 12 rooms, leaving 22 rooms, breakfast/dining area, and a residence.
4. Opportunity for significant profit increase by implementing simple changes such as creating a website, increasing tariffs, and accepting bus trade enquiries.
5. Potential for additional income through a lease with a restaurant, with a minimum expected rent of $50,000 per annum.
6. Entrepreneurial mindset and drive can take this motel to the next level and boost it into the next millennium.
7. Strong projected net profit of $674,088 for 2023/24, as provided by the vendor.
8. Opportunity to work with experienced and knowledgeable broker, Andrew Cronin, from Tourism Brokers for further information and inspections.
9. Property ID: 2168MF, quote this when enquiring.
10. Property Code: 5158.
