Easy To Manage. 40 Room Motel, Freehold And Business.

Lakes Entrance, Victoria 3909

SOLD

Key Features

AI generated. Contact seller to confirm.

  • 40 room motel with freehold and business
  • Large parcel of land with development potential
  • State of the art commercial kitchen available
  • High occupancy rate with growth potential
  • Recently renovated property
  • Prime location with panoramic views
  • Turnover: Not disclosed
  • Net Profit: Not disclosed
  • Rent/Lease: Lease in place
  • Stock Value: Included
  • Established: Not disclosed

Business Details

Business Category Caravan Park Motel

The current Vendors choose to keep this business simple and easy to Manage.
Huge parcel of land and a huge amount of buildings on this great freehold.
Excellent RETURN IN INVESTMENT. Very solid business.
Opportunity to possibly raise the occupancy another 30%. Please enquire.
To make a living and love where you live, is as good as it gets.
This is a magnificent Motel, with prime exposure on the Main Road coming into Lakes Entrance.
As it sits on top of a hill, it provides beautiful panoramic views over the Gippsland Lakes and the Bass Straight / Ocean.
The land size is 7,400m2, with a large parcel still vacant and available for future development. ( see pictures )
On offer is a 40 room - Freehold Going Concern zoned as General Residential Schedule 1 - GRZ1
Possible 2nd Floor expansion and/or residential development opportunities. ( STCA ).
The investment in the land alone could be an amazing long term investment.
Large -State of the Art commercial kitchen and 110 seat restaurant that is not in use currently, but ready to go now.
Massive opportunity for a new Vendor to offer Breakfast, which would substantially increase bookings and NET profit $$$
Many variations of room layouts to cater for all types of guests that require their own configurations and/or special room sizes.
All motel rooms have great facilities, and a fairly new commercial laundry is set up for big volume of clientele.
Huge amount of parking for guest's.
The Occupancy Rate has been steadily climbing for the last 3 years, and 23-24 is tracking to be its highest earnings !!
The whole property has recently undergone internal and external renovations.
Currently a very profitable Motel business with vast opportunities for further growth in this very popular tourism, coastal town.
The Vendor has asked for pre-planned inspections and would prefer no walk-ins.
Please call Michael for an inspection on XXXXXXXXXX , or submit a enquiry online.

What's Nearby

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This business is somewhat unique and has no similar competition in this region, category or price bracket.

Contact Seller
Business Brokers Network Australia Business Brokers Network Australia
Michael Keltie

Bsale ID: 645269