6-8 Roy Street, Wangaratta, Victoria

30 Room Freehold and Business Motel

SOLD

Business Description

The Wangaratta Motor Inn provides an outstanding opportunity to purchase a strong Freehold and Business Motel in a well performing Region & City. This 30 unit Motel is centrally located close to the CBD, walking distance to private and public hospitals, Kmart, Coles, restaurants and major fast food outlets including - McDonalds, KFC, Hungry Jacks, Subway.

The current owners have been steering the ship for 18+ years and now planning to retire, the motel has a nice upside and would be a perfect fit for an energetic couple to take it to the next level.

• 30 Room motel with large on site parking area.
• Excellent location close to CBD, local eateries & major fast food outlets. are within walking distance. (McDonalds, KFC, Subway, Hungry Jacks)
• A fully licensed restaurant currently sublet @ $700 per week + outgoings to popular dine in / take away outlet on a 3 x 3 yr lease
• Excellent repeat clientele, from workers, events, reps and tourists.
• 15KW Solar panels installed resulting in ongoing cost savings.
• Freshly renovated bathroom in the residence.

This Motel offers a consistent turnover for would be buyers with a great opportunity for continued growth and further improvement to the bottom line in one of North East Victoria's largest and most vibrant cities.

Contact Tower Business & Real Estate today to request further information on this rock solid property.

Business Summary

Marketing Agent
Tim Symes
Tim Symes

Tower Business & Realestate

Tower Business & Realestate

Key Investment Insights

1. Strong Freehold and Business Motel in a well-performing region and city.
2. Centrally located close to the CBD, hospitals, and major fast food outlets.
3. Current owners have been operating for 18+ years and are planning to retire.
4. Potential for growth and improvement under new ownership.
5. 30 room motel with large on-site parking area.
6. Fully licensed restaurant currently sublet to popular dine-in/takeaway outlet.
7. Excellent repeat clientele from workers, events, reps, and tourists.
8. 15KW solar panels installed for ongoing cost savings.
9. Freshly renovated bathroom in the residence.
10. Consistent turnover and opportunity for continued growth.
11. Located in one of North East Victoria's largest and most vibrant cities.
12. Contact Tower Business & Real Estate for further information.
Listing location

This Business is sold

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