* Outstanding 52% return on initial investment
* 17 ground floor units on a beautiful level site
* Dual street access with concrete driveways directly to units
* Views across Cunningham Arm and marina
* 5 different room configurations to advertise and sell
* Motivated vendors looking to retire NOW
* Currently operating at circa 39% occupancy
An exceptional example of what a small motel should be, easy to operate, easy to maintain, low outgoing cost structure allowing for maximum profitability when operated properly.
This business is ideal for the first time operator looking for a low cost entry into the lucrative accommodation industry. With a little effort from a fresh owner the upside here will be ridiculous $$$$$$$$$
Inspections here are a must, call to set a time and date with the listing agent Luke Oakley.
Full property summary and financials available on request.
Net profit $71,480 After ALL Expenses
Contact Luke Oakley from Tourism Brokers for further information or to arrange an inspection.
PROPERTY ID: 1881ML (quote when enquiring)
Location: Lakes Entrance is located 319 km from Melbourne and home to 5,500 residents and one of Victoria's premier tourism destinations. It is beloved for its swimming beaches, waterfront cafes and commercial fishing boats, many of which sell the day's catch from the jetties. Set on the edge of Ninety Mile Beach where the Gippsland Lakes meet the ocean, Lakes Entrance is a significant commercial precinct and offers a range of lifestyle and recreational services, including health, retail and education.