Location! Location! Established Hotel For Sale In Melbourne | 188 Visa Suitable

Business for Sale in Victoria - Hotel/Motel for Sale in Melbourne - Hotel in Melbourne

* PRIME MELBOURNE LOCATION
* LONG LEASE, LOW OVERHEAD
* 44 ROOMS, BAR & RESTAURANT


A premium location in Melbourne! Inviting owner operators and investors to own this long established iconic hotel located in a prime spot in Melbourne. It is also suitable for hotel chains to increase their footprint in a prime location in Melbourne.

* Superb location close to Crown Casino, Albert Park - location for Australian Grand Prix, Alfred Hospital, Melbourne CBD, Melbourne Convention and Exhibition Centre and historic Shrine of Remembrance.
* Current weekly sales $25,000 pw, it's likely to grow much higher when the borders open
* Business has shown great resilience against COVID
* 44 Rooms comprises of one self contained one bed room apartment for owner/manager and combination of queen, twin, double, family and luxury spa rooms. Recent refurbishment has been done to exterior and interior.
* Facilities include restaurant and bar, conference room, under cover parking and many more.
* Bar & Restaurant with fully equipped Kitchen and Cool Room provides ample opportunity to host large tour groups and earn extra $$
* 30 year old hotel
* Long lease
* Owner relocating to overseas
* High visibility location situated on a very busy thoroughfare in Melbourne providing easy accepts points to key attractions for customers
* May be suitable for Subclass 188 Business Visa Migration
* Asking $1,990,000 ONO. All reasonable offers will be forwarded to the vendor.

***EXCLUSIVELY LISTED WITH NETWORK INFINITY*****

For more information
please contact Sam on

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Disclaimer The financial information and statements relating to the above business has been prepared based solely on the information supplied by the vendor to Network Infinity and therefore Network Infinity does not guarantee the accuracy of such statements and financial information. Network Infinity will not be liable for such statements and financial information. Network Infinity strongly recommends all prospective buyers to this business to seek its own independent accounting, legal and financial advice and conducts its own due diligence of the business. Image used only for illustrative purpose to protect seller's privacy. It is in no way representative of the actual business or it's products.