1854ML - LARGE LEASEHOLD OFFERING STEADY INCOME WITH UPSIDE

UNDER CONTRACT

2.00 ac

This lease will provide the new operator the opportunity to settle in whilst earning a consistent income due to a contract to house farm workers that was procured during COVID. This also reduces your workload and expenses whilst coming up to speed with the business.

It is being offered to the market at a 49% ROI on projected figures.

Currently offering:

2 acres of flat land.
3 bedroom owner’s residence.
Separate 1 bedroom apartment (for staff or extra guests).
30 rooms of varying configuration housing to up to 112 worker.
Closed restaurant and huge conference or events centre.
Low maintenance grounds with no pool to look after.
LEASEHOLD MOTEL

The previous property owner had undertaken renovation work to 16 rooms in 2012. The current owners have now done further extensive renovations and improvements in 2021 including costly external work such as painting, landscaping and new signage. They have also renovated the residence and onsite guest laundry. Internally, the rooms have been painted, they have replaced most of the televisions and air conditioning units, replaced lighting, renovated some bathrooms, bought new linen and curtains and replaced several hot water systems.

Notwithstanding the above, with both the restaurant and conference centre closed, the opportunity may be there to open them and run as a sideline business to the workers offering a new income stream.

The property presents as a strong 3.5 star and is primed to continue the turnover growth both with the workers and in years to come with regular tourism and corporate guests.

The choice is yours the way you operate the property, and the sky is the limit. What a wonderful position to be in!

Net Profit: $291,830 projected for 2022/23

Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.

Property ID: 1854ML (quote when enquiring)

Location: Located in the centre of Gippsland, Victoria approximately 260 kms east of Melbourne, Sale is the gateway to East Victoria, the Gippsland Lakes, 90 Mile Beach, mountains and many other exciting tourist destinations. Sale has a population of close to 14,250, projected to increase to over 14,000 by the year 2021. Part of the Wellington Shire, Sale has a diverse industry including agriculture, retail and professional services, and companies including the Esso (Longford Gas Plant), Nylex Plastics Factory and the East Sale RAAF base. The city has a major regional hospital, five major banks, eight service stations, seven pubs and nightclubs, many places to stay and three major supermarkets. Sale's main street has over 180 shops including all major banks, many alfresco dining cafes and food outlets as well as convenience stores and service providers. The Gippsland Centre shopping complex with major national and regional retailers is located adjacent to the street.

Price	UNDER CONTRACT
Location	Sale
Property ID	1854ML
Category

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TOURISM BROKERS CLIENT CONFIDENTIALITY AGREEMENT

IMPORTANT MESSAGE TO ALL PROSPECTIVE PURCHASERS AND LESSEES

If you are a genuine Prospective Purchaser or Lessee, and you would like to obtain additional information in respect of any listing ofTourism Brokers it is a requirement that you agree to this Confidentiality Agreement below in order to request information on a property. Tourism Brokers will respect the discreet nature of your enquiry, as we do for all our clients.

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Having declared in general principle, that I/we have a genuine interest in Tourism Brokers listing/s, I/we now request that, in your capacity as broker for the Vendor, you supply us with a copy of a current “Information Memorandum” (the “Memorandum”) or similar, describing the requested listing/s in further detail. I/we undertake that the Memorandum or similar additional information, will be used for no purpose other than to assist me/us in determining whether I/we/our client wish to purchase or lease the said business/property listed. [note, if you are a professional adviser or similar acting on behalf of a client or some third party, you are required to nominate your client’s name below]. I/we agree that the Memorandum and any other information or material made available to us (written, verbal or otherwise) via Tourism Brokers or the Vendor or their Solicitors, will remain strictly confidential.

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