Victoria
EXCEPTIONALLY RARE MONEY MAKER WITH HUGE UPSIDE - 2605ML
LEASEHOLD $1,995,000
Business Description
- 38 rooms incorporating 2 self-contained apartments
- 70% Occupancy with room to grow
- Mixture of standard and executive corporate suites
- Reliable financial performer, currently under management and managers wish to remain.
- Entrance/departure canopy of approximately 103 sqm. It has a Colorbond roof, pebblecrete concrete paving and feature façade.
Mixture of King Deluxe, King Executive, King Twin, King Spa and 2 Two-bedroom apartments. The self-contained two-bedroom apartments feature a full-sized fridge and have a concealed laundry with trough, top loader washing machine and wall mounted dryer.
Fully licensed restaurant and bar offering seating for approximately 80+ guests – 50 inside and 30 outside alfresco style overlooking the pool area, and is supported by a full commercial kitchen and appropriate staff.
A lucrative opportunity thanks to its stable corporate trade, renowned onsite restaurant, and prime CBD-edge location.
Prime Location: Situated on bustling street, the motel is within walking distance of the CBD, driving high visibility and easy access for passing trade.
Consistent Corporate Clientele: Redesigned with business travellers in mind, it benefits from a highly stable, year-round corporate customer base offering secure, recurring revenue.
Renowned Onsite Dining: Features the highly respected Restaurant, which draws consistent foot traffic from the local community as well as in-house guests.
Established Brand Trust: Operating under the globally recognized brand provides immediate access to established loyalty programs, online booking platforms, and marketing networks.
Turnkey Leisure Features: Includes strong leisure amenities like an outdoor solar-heated pool, guest laundry, and modern, accessible 4.5-star rooms.
Confidentiality requirements exist
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2605ML (quote when enquiring)
Property Code: 5481
Business Summary
Key Investment Insights
1. 38-room property including two self-contained two-bedroom apartments, offering a mix of King Deluxe, King Executive, King Twin, King Spa and apartment configurations.
2. Current occupancy 70 percent, indicating immediate cash flow with clear upside through yield improvement.
3. Established, reliable financial performer, currently under management with existing managers wishing to remain, enabling continuity of operations.
4. Significant turnkey F&B asset, fully licensed restaurant and bar with seating for approximately 80 guests and a full commercial kitchen, driving ancillary revenue and local foot traffic.
5. Strong recurring corporate trade, redesigned for business travellers, providing stable year-round revenue and high repeat business potential.
6. Prime CBD-edge position on a bustling street within walking distance of the CBD, offering high visibility and ease of access for passing trade.
7. Operates under a globally recognised brand, providing immediate access to loyalty programs, online booking platforms and established marketing networks.
8. Leisure and guest amenities include an outdoor solar-heated pool, guest laundry with concealed laundry facilities in apartments, and modern accessible 4.5-star rooms, supporting higher average rates.
9. Prominent entrance/departure canopy of approximately 103 sqm with Colorbond roof, pebblecrete paving and feature façade, enhancing kerb appeal and guest arrival experience.
10. Two self-contained apartments equipped with full-sized fridges and laundry facilities, suitable for extended-stay guests or higher ADR corporate bookings.
11. Confidential sale process, enquiries to be directed to the nominated broker, Michael Philpott from Tourism Brokers, quoting Property ID 2605ML.
