Warrnambool, Victoria
YOUR CHANCE FOR A SEA CHANGE - 2801ML
SOLD
Business Description
- 15 beautifully presented rooms, with a range of queen, twin, spa and two-bedroom self-contained apartments.
- Amazingly comfortable 3 bedroom residence with own kitchen.
- Limited liquor licence - mini bar sales.
- 2kms north of Warrnambool CBD, close to Northpoint shopping centre.
- All rooms ground floor access.
- Appealing outdoor swimming pool and barbeque area.
- 18.5 years on lease.
- Occupancy increasing due to several motels closing down for new retail shops and long term residents.
Ongoing improvements and upkeep with consistent turnover, this is a great opportunity to enter a great sought after lifestyle location.
Net Profit: $164,227 for 2022/23
Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2801ML (quote when enquiring)
Property Code: 4716
Business Summary
Key Investment Insights
1. Well-established and successful motel business located in a highly sought after lifestyle location.
2. Diversified room options including queen, twin, spa and self-contained apartments.
3. Comfortable and spacious 3 bedroom residence with own kitchen.
4. Limited liquor licence allows for additional revenue through mini bar sales.
5. Convenient location, only 2kms north of Warrnambool CBD and close to Northpoint shopping centre.
6. All rooms have ground floor access for easy accessibility.
7. Attractive outdoor amenities, including swimming pool and barbeque area.
8. Long lease of 18.5 years provides stability and potential for future growth.
9. Increasing occupancy due to closure of nearby motels and influx of long-term residents.
10. Ongoing improvements and consistent turnover make this a lucrative investment opportunity.
11. Strong projected net profit of $164,227 for 2022/23.
12. Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
13. Property ID: 2801ML (quote when enquiring).
14. Property Code: 4716.
