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
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
