Just Listed

A Cracking Freehold Motel With Huge Potential - 2168MF

FREEHOLD $6,000,000

  • A 34 room ground floor motel in the heart of the Gippslands.
  • Sitting on 5,277 m2, a development dream.
  • Main street frontage with rear access.
  • Can be split into Restaurant and 12 rooms, leaving 22 rooms, breakfast / dining area and residence (STCA).

Ready to take it to the next step?

  • Create a website (never had one)
  • Increase tariffs (not done in years - cheapest motel in town)
  • Accept bus trade enquiries (not currently taking them)
  • Create lease with extra rent from restaurant (minimum $50,000 per annum)

These are just a few examples of where your entrepeneur mindset can take you to boost this motel in to the next millenium. Enquire now for more information.

 

Net Profit: $575,706 for 2023/24 (as provided by vendor)

 

Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2168MF (quote when enquiring)

 

Price FREEHOLD $6,000,000
Property ID 2168MF
Category Motel

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