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
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.
