80 Bulla Road, Bulla, Victoria

Leasehold $1,500,000

Property Description

The Black Horse Hotel-Motel - 1P4654H

Blackhorse Hotel Motel is a fully refurbished hotel and motel located within a few minutes' drive of Melbourne Tullamarine Airport to the east and in the rapidly expanding Sunbury residential growth corridor.

The hotel - motel comprises a large family bistro, children's playroom, large sports bar with TAB, well designed commercial kitchen, modern bathrooms and a drive through Bottle Shop.

The two level motel accommodation located behind the hotel offers 10 x one bedroom apartments. A current Town Planning Permit allows for these 10 apartments to be reconfigured to become 19 motel style rooms and a motel reception. The Town Planning permit also allows for an additional 22 motel rooms to be developed on this large leased site of about 4,500 m2.

The hotel has a 3 am Liquor Licence and trades 7 days a week. The hotel caters for families and features live music Friday & Saturday nights and Sunday lunch.
The already high occupancy motel can be further developed to take advantage of its closeness to Tullamarine Airport.

A large self-contained work space (with power, water and toilets) under the hotel can be further utilised or possibly subleased subject to landlord approval.

Secured by a long lease with options expiring 2042 and rent currently $216,000 pa plus GST.

Property Summary

Hotel Information

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

Other Features / Notes

A:LEASEHOLD, B:HOTEL/BAR, C:VIC - Melbourne, C:VIC - North

Marketing Agent


Marketing Agency

CRE Brokers

Kevin Connolly
CRE Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

80 Bulla Road, Bulla, Victoria 3428

Similar Properties