I Do Like To Be Beside The Seaside - 2891ml
Frankston, Victoria 3199
UNDER OFFER
Key Features
AI generated. Contact seller to confirm.
- Leasehold motel at gateway to Mornington Peninsula
- 24 rooms with high occupancy and ADR
- Revenues averaging $90,000 per month
- Adjusted net profit $585,323 for 2024/25
- On-site five bedroom residence for owners
- 2.5 acres with pool and full-size tennis court
- Turnover: $90,000 per month
- Net Profit: $585,323
- Rent/Lease: Not disclosed
- Stock Value: Not disclosed
- Established: 18 years
Business Details
Business Category Motel
A rare LEASEHOLD opportunity at the gateway to the Mornington Peninsula.
Proudly and exclusively offered to the market is the LEASEHOLD business of the iconic Frankston Motel. It’s been operated by the same owners for the past 18 years and faithfully maintained the entire time.
It’s a 24 room motel showing high occupancy/high ADR with year on year consistency. It has few local competitors. That means monthly occupancies continually peaking over 80% since the pandemic, producing revenues averaging $90,000 per month. It enjoys this trading profile over the entire year. And the profile is set to bring higher yields under your ownership
It offers easy access to Frankston’s commercial and industrial precincts, the Peninsula Hospital still growing to support the community demand, access to HMAS Cerberus just 30 minutes away, the ocean and bay beaches not five minutes away.
You won’t feel hemmed in. It’s set in a residential area on 2.5 acres, supporting a swimming pool and even a full size tennis court.
Frankston Motel brings a loyalty program that can be easily run by new owners. You just have to be nice. That’s the program. It’s working.
And your home away from home? There’s a very comfortable five bedroom residence on site. Faith and state schools (P to 12) very close by. Sporting clubs too. It’s a family friendly area. Even the kids will want to move.
Need to know more?
Adjusted Net Profit: $585,323 for 2024/25
Contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2891ML (quote when enquiring)
Property Code: 5371
Proudly and exclusively offered to the market is the LEASEHOLD business of the iconic Frankston Motel. It’s been operated by the same owners for the past 18 years and faithfully maintained the entire time.
It’s a 24 room motel showing high occupancy/high ADR with year on year consistency. It has few local competitors. That means monthly occupancies continually peaking over 80% since the pandemic, producing revenues averaging $90,000 per month. It enjoys this trading profile over the entire year. And the profile is set to bring higher yields under your ownership
It offers easy access to Frankston’s commercial and industrial precincts, the Peninsula Hospital still growing to support the community demand, access to HMAS Cerberus just 30 minutes away, the ocean and bay beaches not five minutes away.
You won’t feel hemmed in. It’s set in a residential area on 2.5 acres, supporting a swimming pool and even a full size tennis court.
Frankston Motel brings a loyalty program that can be easily run by new owners. You just have to be nice. That’s the program. It’s working.
And your home away from home? There’s a very comfortable five bedroom residence on site. Faith and state schools (P to 12) very close by. Sporting clubs too. It’s a family friendly area. Even the kids will want to move.
Need to know more?
Adjusted Net Profit: $585,323 for 2024/25
Contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2891ML (quote when enquiring)
Property Code: 5371
What's Nearby
Nearby Locations
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This business is somewhat unique and has no similar competition in this region, category or price bracket.