Sold - Eltham Motor Inn - 1p5678
Business Sold Eltham, Victoria 3095
Business Category Motel
Rare opportunity to acquire the Freehold with vacant possession of Eltham Motor Inn. The Motel is offered for sale by Expression of Interest closing Tuesday 28th February 2023
SOLD
Description
Sold - Eltham Motor Inn - 1p5678
CRE Brokers are pleased to offer this rare opportunity to acquire the Freehold with vacant possession of Eltham Motor Inn. The Motel is offered for sale by Expression of Interest closing Tuesday 28th February 2023
This established single level motel was built in the 1980's and offers a reception / office, 19 accommodation rooms, a conference room / restaurant, a 2 bedroom manager's residence, laundry, guest BBQ and an in ground swimming pool.
The motel is located on busy Main Road about 2 km east of the Eltham shopping centre, in predominantly an established residential area.
Eltham is located about 20 km from the Melbourne CBD and considered easily accessible to the Yarra Valley, and services the accommodation requirements of the Eastern Suburban commercial and tourist visitors.
The motel occupies a large site of approximately 4,557m2 and is zoned
General Residential Schedule 1 (GRZ1).
The motel is offered for sale with vacant possession thereby opening up the possibility of refurbishing the motel for owner operators, or sell off a leasehold motel business or alternatively repurpose the site as a multi residential unit development or development for other uses (STCA).
This established single level motel was built in the 1980's and offers a reception / office, 19 accommodation rooms, a conference room / restaurant, a 2 bedroom manager's residence, laundry, guest BBQ and an in ground swimming pool.
The motel is located on busy Main Road about 2 km east of the Eltham shopping centre, in predominantly an established residential area.
Eltham is located about 20 km from the Melbourne CBD and considered easily accessible to the Yarra Valley, and services the accommodation requirements of the Eastern Suburban commercial and tourist visitors.
The motel occupies a large site of approximately 4,557m2 and is zoned
General Residential Schedule 1 (GRZ1).
The motel is offered for sale with vacant possession thereby opening up the possibility of refurbishing the motel for owner operators, or sell off a leasehold motel business or alternatively repurpose the site as a multi residential unit development or development for other uses (STCA).
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This business is somewhat unique and has no similar competition in this region, category or price bracket.
