3055 Frankston Flinders Road, Balnarring, Victoria

Auction 25/7/2018 @ 1.00pm

Property Description

SOLD - 1P4093M

Balnarring Village Motor Inn is situated in a prime position on the Southern side of the Mornington Peninsula inbetween Hastings and Flinders.

This freehold motel is to be sold by Public Auction with vacant possession as a Going Concern motel.

The motel offers 16 accommodation rooms (including 5 x 2 bedroom units), a 3 bedroom residence on a substantial Commercial 1 zoned site of about 2,747m2

The motel business has a consistent yearly trade peaking in the summer months and allowing owners to enjoy winter holidays. The annual occupancy rate is around 58%

The motel also features a large 3 bedroom, 2 bathroom owner's residence. There is ample off road parking suitable for coaches, trucks and trailers in addition to the usual guest cars.

An outstanding opportunity as a motel with development upside
• 16 unit (including 5x 2 bedroom units)
• Turnover for FYE 2018 is expected to be circa $500,000 ex GST
• Annual occupancy approximately 58%
• Land Area 2,747 m2 (Approx.)
• Zoned Commercial 1Commercial 1 (CZ1)
• Easily managed

Auction Venue: Dingley International Hotel
334 Boundary Road, Dingley

Property Summary

Motel Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -

Other Features / Notes

A:FREEHOLD GOING CONCERN, B:MOTEL, C:VIC - Melbourne

Marketing Agent

  • Kevin Connolly

  • 1300 767 802
  • 0412 772 290
  • send email

Marketing Agency

CRE Brokers

CRE Brokers

CRE Brokers

Kevin Connolly
CRE Brokers

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Map Location ( get directions )

3055 Frankston Flinders Road, Balnarring, Victoria 3926

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