Kerang, Victoria

$1,250,000

Property Description

Motel FREEHOLD investment. 8.75% return. !!

Motel (freehold only) investment with a 30 year lease with rental income $110,000 per annum with CPI increase yearly and market review every 5 years.
Current owners have owned this motel for over 22 years and is now time for retirement.
This motel is situated on the Murray Highway, Kerang in prime position in the heart of the Kerang Valley where the traffic flows from morning to night to Melbourne and Adelaide all year long.
The motel has 31 ground level units with an inground swimming pool.
Also included is a 250 seating capacity conference room and entertainment centre as well as a 60 seat restaurant.
For the managers residence is a 4 bedroom home with 3 bathrooms for the owners comfort.
This investment property has it all .
Kerang has all facilities you would expect in a regional town such as hospital, schools, good shopping centre and also V/line train services going to and from Melbourne daily and so much more.
Anyone wanting 8.75% return on their investment, it is there for the taking.
PRICE $1,250,000 plus long lease
Inspections by appointment only and Vendors do not want direct enquiries, so please contact us.
Quote MSA 5034 and call Michael on 0400 645 133, or submit an enquiry.

Property Summary

Motel Information

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

Caravan Park Information

Marketing Agent

Michael Keltie

Marketing Agency

Business Brokers Network Australia

Business Brokers Network Australia

Business Brokers Network Australia

Michael Keltie
Business Brokers Network Australia

Phone

Listing Tools

Property Map

Map Location ( get directions )

Kerang, Victoria 3579 Exact map location not provided

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