Ad ID: 122983

40 Room Motel for Sale Lakes Entrance VIC

Easy to manage. 40 room Motel, freehold and business.


Why buy this 40 Room Motel Business

40 Room Motel for Sale Lakes Entrance VIC Asking: $4,250,000

The current Vendors choose to keep this business simple and easy to Manage.
Huge parcel of land and a huge amount of buildings on this great freehold.
Excellent RETURN IN INVESTMENT. Very solid business.
Opportunity to possibly raise the occupancy another 30%. Please enquire.
To make a living and love where you live, is as good as it gets.
This is a magnificent Motel, with prime exposure on the Main Road coming into Lakes Entrance.
As it sits on top of a hill, it provides beautiful panoramic views over the Gippsland Lakes and the Bass Straight / Ocean.
The land size is 7,400m2, with a large parcel still vacant and available for future development. ( see pictures )
On offer is a 40 room - Freehold Going Concern zoned as General Residential Schedule 1 - GRZ1
Possible 2nd Floor expansion and/or residential development opportunities. ( STCA ).
The investment in the land alone could be an amazing long term investment.
Large -State of the Art commercial kitchen and 110 seat restaurant that is not in use currently, but ready to go now.
Massive opportunity for a new Vendor to offer Breakfast, which would substantially increase bookings and NET profit $$$
Many variations of room layouts to cater for all types of guests that require their own configurations and/or special room sizes.
All motel rooms have great facilities, and a fairly new commercial laundry is set up for big volume of clientele.
Huge amount of parking for guest's.
The Occupancy Rate has been steadily climbing for the last 3 years, and 23-24 is tracking to be its highest earnings !!
The whole property has recently undergone internal and external renovations.
Currently a very profitable Motel business with vast opportunities for further growth in this very popular tourism, coastal town.
The Vendor has asked for pre-planned inspections and would prefer no walk-ins.
Please call Michael for an inspection on 0400 645 133, or submit a enquiry online.
For more info
Contact: Michael Keltie

Michael Keltie

0400 645 133
Business Brokers Network Australia
Broker Ref: 22305

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