145 Deakin Avenue, Mildura, Victoria

$499,000

Property Description

Long lease and a massive 34% return in heart of Mildura

You will not find a better buy than this centrally located Motel in the current market. Our Vendors have reduced their price and are offering buyers an incredible 34% return on investment. This well presented Leasehold Motel is located in the heart of Mildura and is walking distance to retails shops, major clubs and anything else that guests may require. Some of the key features of this Motel include:

- Income has grown each year in the current Vendors 5 years in the Motel
- Every bed in the Motel has been replaced since Vendors took over and other improvements including a new website
- The Motel also has a 70 seat function room that is not in use which would allow new owners to attract large groups or conferences.

This really is a solid Motel with a good long lease and excellent walk in and repeat clientele. 22 units and untapped potential really does give new owners a chance to take this Motel to the next level.

Property Summary

Motel Information

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

Marketing Agent


Marketing Agency

Tower Business & Realestate

Tower Business & Realestate

Tower Business & Realestate

Ricky Symes
Tower Business & Realestate

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Map Location ( get directions )

145 Deakin Avenue, Mildura, Victoria 3500

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