Warrnambool, Victoria

DON'T MISS OUT ON THIS EXCEPTIONAL INVESTMENT OPPORTUNITY! - 2801MI

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.

- Passive Investment.

Ongoing improvements and upkeep with consistent turnover, this is a great opportunity to enter a great sought after lifestyle location.

Annual Rent: $76,535 plus GST


Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2801MI (quote when enquiring)

Property Code: 4744

Business Summary

Marketing Agent
Andrew Cronin
Andrew Cronin

Key Investment Insights

1. 15 beautifully presented rooms with a variety of options for guests, including queen, twin, spa, and self-contained apartments.
2. Comfortable 3 bedroom residence with its own kitchen.
3. Limited liquor license for potential mini bar sales.
4. Convenient location, only 2km from Warrnambool CBD and close to a shopping center.
5. All rooms have ground floor access for ease of use.
6. Outdoor swimming pool and barbeque area for guests to enjoy.
7. Long lease of 18.5 years.
8. Increasing occupancy due to nearby motels closing for new retail shops and long term residents.
9. Passive investment opportunity.
10. Consistent turnover and ongoing improvements/upkeep.
11. Located in a sought after lifestyle location.
12. Annual rent of $76,535 plus GST.
13. Contact Andrew Cronin from Tourism Brokers for more information or to arrange an inspection.
14. Property ID: 2801MI (quote when enquiring).
15. Property Code: 4744.
Listing location

This Business is sold

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Motels For Sale

You may also like

Acacia Terraces - 1P6057
CRE Brokers
Acacia Terraces - 1P6057

ECHUCA

FHGC - $2,650,000

Restaurant Facilities: -
Liquor Licence: -
Restaurant: -

Flexible, Profitable, Iconic – Business Only Management Rights in Kangaroo Point
Exclusive Management Rights in Iconic Kangaroo Point
Jewel of the Southern Gold Coast - Prime Management Rights With $857k Net Profit
WATERFRONT MIDNORTH COAST FREEHOLD MOTEL WITH DA - 1027MF
Solid Income and Easy Permanent MR in Brisbane Southside
Hotel Lona – Fully Renovated Venue in Frankston's Entertainment Hub
Rare and exceptional Executive Motel in the heart of Ballarat | Resort Brokers ID : FH008721
Off the plan Management Rights in landmark Yarrabend Masterplan Proj. Net $900K+ | Resort Brokers ID : OTP008716
Stunning 18-room motel freehold with upside in a strong growth region! | Resort Brokers ID : FH008646
Acquire Newell Motor Inn: Prime Freehold with High Occupancy & Growth | Resort Brokers ID : FH008706
Charming Leasehold Motel - Prime location with growth potential | Resort Brokers ID : LH008727
Charming Freehold Going Concern Motel - Prime location with growth potential | Resort Brokers ID : FH008719
A Permanent Package – Central Southport!!
Sunshine Coast Hinterland Management Rights - No Competition, High Margin | Resort Brokers ID : MR008711
Permanent Caretaking and Letting!!!
An Unpolished Gem!!!
Great Cairns CBD Permanent
The Jewel in the Crown