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

Marketing Agent
Andrew Cronin
Andrew Cronin

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.
Listing location

This Business is sold

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Motels For Sale

You may also like

Kerang Motel & Function Space - 1P5974
CRE Brokers
Kerang Motel & Function Space - 1P5974...

77 Wellington Street KERANG

Leasehold $570,000

Restaurant Facilities: -
Liquor Licence: -
Restaurant: -

COUNTRY OPPORTUNITY WITH A BRIGHT FUTURE - 2453ML
Tourism Brokers
COUNTRY OPPORTUNITY WITH A BRIGHT FUTURE -...

KERANG

REDUCED LEASEHOLD $570,000 + SAV

Restaurant Facilities: -
Liquor Licence: -
Restaurant: -

GREAT SHORT STAY CAIRNS RESORT FOR SALE
GROUP ACCOMODATION, SCHOOL CAMP, CONFERENCE
Boutique Luxury Resort with 520k Net - Prime Beachfront Location
Victoria’s Prime MLR - Easy Profits, No Fuss
Management Rights plus Extra Rent Roll in Gracemere QLD
Year Round Performance - Closest Motel to Airport
Short Term Gem - ID 7838
Around $200K Stable Salary & Simple Duties - ID 9172
High NETT income at a realistic multiplier
3.81 Low Multiplier & Stable High Income - ID 9171
Effortless Property Caretaking, No Real Estate, Maximum Returns—Your Ideal Investment
Boutique townhouse development in Gold Coast North growth corridor. | Resort Brokers ID : MR008507
PRESTIGIOUS BUSINESS-ONLY MLR IN MAROOCHYDORE'S EMERGING CITY CENTRE PRECINCT | Resort Brokers ID : MRB008468
NTC Property is pleased to present an exceptional opportunity to purchase Kalidonis Village.
A PRIME AND LUXURY INVESTMENT THAT IS ONE OF THE BEST ON THE COAST... | Resort Brokers ID : MR008511
Iconic Australian Hotel Winton – Liquidator Sale, Expressions of Interest | Resort Brokers ID : FH008522
FOR SALE BY EXPRESSIONS OF INTEREST - FREEHOLD - Well Established Local Cafe in Harcourt VIC - 1P0482
Exclusive - Discover An Unmissable Opportunity In Coolum Beach - ID 9170