Warrnambool, Victoria

Leasehold $1,125,000

Property Description

2398ML - HUGE FOUR STAR LEASE - AT THE TOP OF THE TOWN

This has to be one of the strongest motel towns in Victoria, with one of the best dual markets of corporate and domestic tourist.

There's nothing to do other than change a light globe or two in this 20 plus room high end motel. Then build on the goodwill of our vendors and continue to grow and service a loyal corporate clientele and an active set of high worth tourists.

Roll call! Four star - tick. 30 plus year lease - tick. A fair rent - tick. Great family residence - tick. Access to good schools - tick. Excellent Income - Bigger tick!

Net profit $276,561 for 2016/17 (as provided by vendor)

Contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2398ML (quote when enquiring)

Location: With a population of 34,000 and a catchment of 100,000 Warrnambool is the regional centre to Victoria's Great South Coast. It is located 263 km south west of Melbourne, a drive of approximately three hours. Travelling the Great Ocean Road to Warrnambool takes 5.5 hours.bWarrnambool is also 655km from Adelaide in South Australia, an 8 hour drive.

Whilst agriculture - dairy, sheep and forestry - remain the mainstay of the regional economy, renewable energies are a key opportunity particularly in the emerging international carbon economies. The natural resources of wind, wave, gas and geothermal will position the Great South Coast as Victoria's alternative energy region. Adding value to primary produce is a prosperous manufacturing sector where butter, cheese, meat and seafood is made and exported.

There is also an expanding engineering focused manufacturing sector to support the bigger projects and developments of the Region. This activity has led to not just business growth and development but also innovation in responding to needs.

Property Code: 2568

Property Summary

Motel Information

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

Marketing Agent

Reg Partington
  • Reg Partington

  • 0407 412 479
  • 1300 512 566
  • send email

Marketing Agency

Tourism Brokers

Tourism Brokers

Tourism Brokers

Reg Partington
Tourism Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Warrnambool, Victoria 3280 Exact map location not provided

Similar Properties

ECHUCA
2485ML - The Best Location in the Best...

Leasehold $1,100,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Tourism Brokers

WARRNAMBOOL
2482ML - A BOTTOM LINE OF ALMOST $300K, A...

Leasehold $1,200,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Tourism Brokers

BALLARAT CENTRAL
1844ML - Black is beautiful! A very healthy...

Leasehold $1,100,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Tourism Brokers

59 Chapel Street COWES
Brand New / Management Rights - 1P0159MR

Management Rights $1,070,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

CRE Brokers

TATURA
Foodworks - 1P0936S

Leasehold $1,200,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

CRE Brokers

BALLARAT
This Ballarat Motel Has It All- 1P0989M

Leasehold $1,100,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

CRE Brokers