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
Motel InformationRestaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -
Other Features / Notes
A:FREEHOLD GOING CONCERN, B:MOTEL, C:VIC - Melbourne