Rated #6 Motel in Australia, Bendigo’s premier 4-star accommodation
BENDIGO, VIC, VIC
Description
Rated #6 Motel in Australia, Bendigo’s premier 4-star accommodation Coming to market for the first time ever, ResortBrokers are delighted to present the opportunity to secure the Freehold of one of Bendigo's finest motels. With this slick operation on only a skyward trajectory, this truly is a dream asset. Underpinned by 1.2 hectares General Residential Zone land and just minutes from the airport, train station and Bendigo's busy CBD. This business has been bolstered by the continuous and shrewd investment by the current owners, seeing all rooms renovated, operations streamlined and the addition of a beautiful four-bedroom, two-bathroom dwelling onsite to accompany the existing 2.5 bedroom manager's flat. With huge room for growth in the conference facility and scope to use and generate additional income via the additional dwelling, the future is certainly bright and full of promise. Don't miss this opportunity to secure this outstanding motel in one of Australia's most vibrant and upcoming cities. High net profit Land size 1.2 hectares General residential zone Strong post-Covid-19 trading Streamlined operations Award-winning independent motel Prime location, just 1.4km from Bendigo's CBD 33 fully refurbished large rooms Average daily room rate increase of $15 Opportunity to extend conference and event facility Eight-minute drive from Bendigo airport and four-minute drive to train station Property inspections are by appointment only
Financials
- Asking price
- $7,500,000
- Net profit
- $824,210
- Revenue
- —
- Profit multiple
- 9.10x
- Revenue multiple
- —
Agent
Trudy Crooks
