Buy a home and get an income, this perfect motel is now ready for new owners
MILDURA, VIC, VIC
Description
Buy a home and get an income, this perfect motel is now ready for new owners This 26-room leasehold motel is perfect for owner-operators, with a spacious 2-bedroom residence and 22 years remaining on the lease, this simple operation business is the ideal lifestyle choice in this sunny riverside city. Spacious fully furnished 2 bedroom residence attached to the reception Strong repeat clientele Simple operation, no restaurant Buy a home and get an income, perfect for owner operators Great location walking distance to shops, cafes, restaurants, and the river 22 year lease remaining Ongoing replacements and refurbishments undertaken 16.6KW Solar system Option for additional revenue by including the upstairs 3 bedroom residence as room stock Inspections by appointment only
Financials
- Asking price
- $950,000
- Net profit
- $362,778
- Revenue
- —
- Profit multiple
- 2.62x
- Revenue multiple
- —
Agent
Kelli Crouch, 312872 RLA
