If you're a watcher of motels on the market, and you recognise this one, you shouldn't.
This old lady has been made over in the past four years and now presents as one of the most popular in a revived regional town. In fact, it has well captured the tradie market, both on price and facility.
It started off with 26 room upgrades, and continued on to the ambience of the area.
Absolutely huge repeat visitation in a 3.5 star property.
Prospective buyers are reminded that in Victoria there is no stamp duty on leasehold purchases, the landlord pays his own land tax and compulsory market reviews may see rent reducing.
Net profit $190,703 for 2016/17
Contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2336ML (quote when enquiring)
Location: Hamilton is at the base of the Southern Grampians and is ideally located between Melbourne and Adelaide. It is well serviced by major highways and has a regular daily air service to and from Melbourne. It has a current population of around 9,250 and is only 285 kms from Melbourne.
Hamilton, both the geographic and business hub of the region, has been the centre of a large and wealthy pastoral industry for over one hundred and sixty years and has grown to become a thriving country city. Exhibiting style and quality, with excellent shopping, diverse architecture, an outstanding art gallery and stunning botanic gardens, this gracious city offers a first class visitor experience.