Freehold motel boasting large, solid net profit in picturesque regional Victoria

Description

Freehold motel boasting large, solid net profit in picturesque regional Victoria Widely regarded as the region's preeminent accommodation provider, this motel comprises 18 beautifully maintained rooms each refurbished to the highest standard, plus a spacious three-bedroom owner’s residence. In a market that is struggling with an under-supply of quality accommodation offerings, the motel is currently sitting at 79 per cent occupancy for the 21/22 financial year and enjoyed a turnover of $703,217 and an adjusted Net income of $481,697. The area is thriving with major developments and infrastructure, including a large estate development across the road which is set to help the region grow exponentially. This is an opportunity for the astute buyer to capitalise on this already extremely profitable motel and take it to the next level for further growth. Opportunities for a quality freehold motel like this are rare and will not last. Ensure you book an inspection today and contact Jacqueline for more information. Great location in stunning Nagambie Expansive block of land with room to grow Close to all amenities in town Rare Freehold opportunity in Nagambie Beautiful and newly renovated, large rooms Huge developments and infrastructure in the area Spacious and well-appointed manager’s residence Strong demand for accommodation with mixed workers, corporate and leisure guests Two conference rooms, kitchen and bathroom that can be converted to additional guest rooms Property inspections are by appointment only