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24 year leasehold Motel in prime location

$265,000

  • ID Ref 5183
  • Suburb Bairnsdale
  • State VIC
  • Status For Sale
  • 24 year leasehold Motel in prime location

Business Description

Come visit Bairnsdale and the location alone will help you make a wise investment decision, and a plan to live in a place that will make you happy.
Thousands of vehicles use the Princes Highway every day, and this motel is in prime position on the main highway, and in the CBD !!
There is also real potential to significantly lift the turnover of the business by a new website, and some smart social media marketing and online marketing.
Very little is currently done and it is vital to do this in today's business world.
The motel is a great size for 2 people to manage and has 14 well presented rooms that cater to tourists, corporate travellers and visitors.
The clientele love the fact it is next to the shopping strip and great access to shops, cafes, restaurants and more.
24 years on lease at the new price of $265,000
Huge opportunity at a great price, in a big town.
The freehold is also available for $ 755,000.
Easy to operate and positioned over approximately 1,500 square meters and built with solid brick construction with iron roof and sealed driveway
Very stable trading history with ample opportunity to increase turnover
Current asking price represents an approx - 30% plus - return on investment !!
Please call the agent to discuss this motel opportunity and the possibilities that are available.
Quote MSA 5030 and call Michael NOW !!, or submit an enquiry.

Business Features / Snapshot

General Features

  • Off Street Parking: 18
Walk to (vicinity of): Library, River, Shops, Bus Stop, Train Station

Managers Unit

    Financial Snapshot

      Complex Information

      • Total Letting Pool: 1

      Your Business Broker

      Michael Keltie

      Business Location

      Bairnsdale, Victoria 3875