1 Maryvale Crescent, Morwell, Victoria

Leasehold $750,000

Property Description

When Location Matters - 1P3732M

CRE Brokers are excited to offer the Comfort Inn Cedar Lodge leasehold business for sale.

Centrally located in the CBD of Morwell, there is no other motel better located in Morwell. With the La Trobe Valley Regional Art Gallery, law courts, government services, cafes, rose gardens at your door step, this motel ticks the box for location.

Catering for corporate, trades, traveller and tourist alike, with 27 well appointed, refurbished well lit rooms. Great fit out, with no expense spared on plant and equipment and all very well maintained. Offering a variety of rooms, deluxe queen, family rooms, twin share and executive suites, and a good size managers residence. The rooms are set back well from the road, with buildings at the front, giving guests a greater experience.

This motel offers an outstanding award winning restaurant that caters for in house guest and is very well patronised by the locals, this makes the difference to an outstanding restaurant, with the restaurant being constructed of glass the octagonal shape, giving the restaurant a really good ambience that is unequal to any other restaurant in Morwell. This restaurant is also used for conferences, meetings, functions, weddings.

If the restaurant is not your forte, don't let that put you off, there are many options, sub lease it, just run a functions and conferences, the opportunities are endless.

Great gardens around the motel with very low maintenance.

Now is the time to get into Morwell, with the announcement of Government spending over $224 million in the LaTrobe Valley, and the rehabilitation of open mine which will take an estimated 20 years, the motels in town are already seeing an exciting growth from corporate trade, doing reports and audits etc, and encouraging businesses to move to the area, with big incentives, which in time lead to more workers and trades in the area, inturn leads to the family and friends market.

The owner is retiring, and will also offer the freehold if required, along with the leasehold of Always Welcome motel which compliments cedar Lodge, especially with large group bus bookings, will consider a package for all three, book you inspection now, this is value for money.

Property Summary

Motel Information

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

Other Features / Notes

A:LEASEHOLD, B:MOTEL, C:VIC - Gippsland

Marketing Agent

  • Phil Mammolito

  • 1300 767 802
  • 0438 371 094
  • send email

Marketing Agency

CRE Brokers

CRE Brokers

CRE Brokers

Phil Mammolito
CRE Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

1 Maryvale Crescent, Morwell, Victoria 3840

Similar Properties

LAKES ENTRANCE
962CPF - Boutique Caravan Park, Your Sea...

Freehold $849,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Tourism Brokers
59HI - An Affordable Investment Property
Exclusive

JEPARIT
59HI - An Affordable Investment Property

Investment $650,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Tourism Brokers
2494MF - Affordable Country Freehold Growth Potential
Exclusive

EILDON
2494MF - Affordable Country Freehold Growth...

Freehold $700,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Tourism Brokers
For Sale Exclusively $650k plus | Resort Brokers ID : LH004774
Updated

TOORAK
For Sale Exclusively $650k plus | Resort...

$650,000
Net Income: $171,854
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Resort Brokers
Ballarat Motel - 30509L
Exclusive

BALLARAT
Ballarat Motel - 30509L

Leasehold $850,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

CRE Brokers

96 Belmore Street YARRAWONGA
Burkes Hotel Motel - 1P2739H

Leasehold $800,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

CRE Brokers