Here For A Good Time, Not A Long Time - 2861ml

Business For Sale Bendigo, Victoria 3550

Business Category Motel

LEASEHOLD $370,000

Description

Here For A Good Time, Not A Long Time - 2861ml

An excellent entry-level leasehold motel in Greater Bendigo is available for genuine sale. This 12-unit, easy-to-operate property features recently refurbished suites, diverse accommodation options, guest amenities (laundry, BBQ area, pool, playground), and ample parking. It includes a spacious 5-bedroom family residence with a private yard.

Key highlights:

- Strong financials: 40% buyer's yield and low rent at 16% of turnover.

- Prime regional location in a tightly held market.

- Significant rejuvenation over the last 12-18 months.

- 11 remaining on lease - no further extension available (Subject to Landlord approval, and will not be accepted as a condition of sale).

Net Profit: $156,725 for 2023/24

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

Property ID: 2861ML (quote when enquiring)

Property Code: 5108
Contact Seller
Andrew Cronin

Bsale ID: 656973
Broker REF: tourismbrokers_50_1814

Tourism Brokers
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