High-performing motel in Perth's eastern suburbs - Net Profit over $668,000

Description

High-performing motel in Perth's eastern suburbs - Net Profit over $668,000 ResortBrokers is pleased to present the Budget Motel Midland, a rare freehold going concern opportunity located in the heart of Midland, a growing satellite city within the Perth metropolitan area. Offered to the market for the first time in 17 years, this 32-room budget-style motel spans two two-storey buildings on a substantial 2,106m² land parcel within the Midland Redevelopment Area, offering excellent long-term development potential. The property has shown a strong trading performance with a consistent upward trajectory, achieving an adjusted net profit of $668,000 in FY24 and projecting further growth in FY25. Current occupancy sits at an impressive 76%, driven by its proximity to key demand drivers such as the Swan Valley, Perth Airport, and major arterial routes. The motel is easily managed with experienced staff and includes a renovated one-bedroom manager’s residence connected to reception. With limited local competition, scope for cosmetic refurbishment, and future redevelopment potential, this property is ideally suited to owner-operators, corporate investors, or developers seeking a high-performing asset in a high-growth location. Contact ResortBrokers today to request the Information Memorandum or arrange an inspection. Freehold business opportunity in Perth First offering in 17 years Minimal competition in the area 32 keys with budget accommodation options Significant redevelopment potential under Midland Redevelopment Plan Inspections are by appointment only