Whittlesea, Victoria
A NEW MOTEL THAT TICKS ALL THE BOXES - 2870ML
LEASEHOLD $1,350,000
Business Description
Just over three years old, nothing to spend on this new motel, the only one in town within 20 kms.
- Location: Whittlesea, VIC - approx. 50kmS from Melbourne, in the green wedge area, abutting urban growth areas.
- Offering: Leasehold motel business for sale.
- Rooms: 20 well-appointed guest rooms.
- Lease: 25.5 years remaining - long, secure lease.
- Position: High-visibility, main road location.
- Occupancy: Strong and steady year-round bookings.
- Parking: Ample onsite parking, including space for larger vehicles.
- Growth Potential: Opportunity to boost revenue with targeted marketing; Potential to partner with local attractions.
- Market: Popular with corporate guests, families, tradies and weekend tourists. Growing demand driven by local development and tourism with music festivals, Rodeo, Agricultural Show, Flower Show and FunFields, wineries and horse riding nearby.
- Opportunity: Ideal for experienced operators or newcomers to the motel industry.
Confidential inspections and financials available on request.
Net Profit: $308,539 for 2023/24 (as provided by vendor)
Contact Andrew from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2870ML (quote when enquiring)
Property Code: 5196
Business Summary
Key Investment Insights
1. The motel is relatively new, only three years old, and requires no additional investment.
2. It is the only motel in the town within a 20km radius, providing a unique opportunity for potential buyers.
3. The location is ideal, being in a green wedge area and close to urban growth areas.
4. The business is being offered as a leasehold, providing an opportunity for a long-term investment.
5. The motel has 20 well-appointed guest rooms, providing ample accommodation options for guests.
6. The lease has 25.5 years remaining, providing a secure and stable investment.
7. The motel is situated in a high-visibility, main road location, ensuring a steady flow of potential guests.
8. The occupancy rate is strong and steady year-round, providing a consistent source of income.
9. The property has ample onsite parking, including space for larger vehicles, making it convenient for guests.
10. There is potential for growth through targeted marketing and partnerships with local attractions.
11. The market for the motel is diverse, catering to corporate guests, families, tradies, and tourists.
12. The area is experiencing growth, driven by local development and tourism, providing potential for increased demand.
13. The business is suitable for both experienced operators and newcomers to the motel industry.
14. Confidential inspections and financials are available upon request.
15. The projected net profit for 2023/24 is $308,539, as provided by the vendor.
16. The property has a unique ID, making it easy for potential buyers to inquire about the business.
17. The property code is provided for easy reference when inquiring about the business.
