Business For Sale Lakes Entrance, Victoria 3909
Business Category Motel
$700,000
Description
Motel - Leasehold - Motel - Leasehold - East Gippsland - Refurbished Leasehold
Motel - Leasehold - Victoria East - Agent SBX Code Number: CB1495
Motel leasehold, well-established and located in a strong regional town with good access to all local attractions and coastal destinations. Accommodation has been completely refurbished, new mattresses purchased, and consists of 12 air conditioned ensuite rooms, comprising 7 x double, 3 x twin and 2 x 2 bedroom units. All rooms are equipped with queen beds, and have free wifi, new flat screen TVs and cable channels. A two bedroom Manager residence with reverse cycle air conditioning, lounge, kitchen and bathroom adjoins reception/office area. and guests have access to a BBQ area and self-service laundry.
Potential
Target social media.
Features
Great position - Long lease - Good rent - New website - Attractive accommodation pricing - Excellent presentation.
Premises
Single storey brick premises on large block with 2 bedroom manager residence.
Location
Nicely located with easy access to main road and CBD in busy regional hub in East Gippsland.
Trading Hours
As required.
Lease
3 year lease commenced Oct 2023 + 5 + 5 + 5 + 5 years - CPI Increases - Bond 1 month.
Employees
1 owner + 2 casuals.
Comments
Misc.- 1 - Booking commissions - Misc.- 2 - Waste removal and cleaning - HWS is supplied by 4 x gas units - Sheets are laundered externally with towels and other linen cleaned in house.
Agent SBX Code Number: CB1495 - Sydney Business Exchange
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