1st time to market in over a decade freehold motel in Hamilton, VIC

Description

1st time to market in over a decade freehold motel in Hamilton, VIC Presenting an exclusive opportunity, ResortBrokers bring to market the Freehold Going Concern of the Hamilton Lonsdale Motel, a tightly held asset, offered to market for the first time in over 10 years. Centrally located along the main thoroughfare into town, the property which has undergone extensive refurbishments and renovations is impeccably maintained with minimal external landscaping required. Boasting a four-star rating and 15 rooms, the motel enjoys consistently high occupancy throughout the year and has achieved impressive financial performance, with a solid turnover in 2023. Benefitting from corporate, trade and hospital-related travellers and those attending local events and attractions, with the Performing Arts Centre and Art Gallery nearby. This property presents a compelling opportunity for the opportunistic buyer, be quick as stock for Freehold Motels in central locations do not last long! Freehold Going Concern 15-key motel Solid turnover and high Net Proft circa $433k Renovated & refurbished with low maintenince landscaping Well-presented, simple operation freehold and business motel Room to expand, DA in place for extra 3 rooms Opportunity for buyers to sell off a lease and hold the investment Centrally located close to dining, shops, parks, tourist attractions, Performing Arts Centre & Art Gallery Demonstrated business success with strong and consistent occupancy Inspections by appointment only