Outstanding Leasehold Motel - Major Regional Town Northern Victoria - Swan Hill - Asking Price: $550,000.00
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Owners retiring! Opportunity for an astute and diligent operator to purchase a highly profitable business and enjoy the enviable lifestyle this region offers. The Murray River Motel with main road exposure is ideally located in Swan Hill near the banks of the mighty Murray River.
Located on the border of NSW and VIC, this immaculately presented motel is ideally situated in the beautiful regional town of Swan Hill. The town boasts the spectacular Swan Hill Pioneer Settlement attracting tens-of-thousands of tourists annually. Swan Hill also promotes a calendar of diverse sporting events with loyal and repeat participant patronage. With trades and corporate guests topped-up by tourists, sporting visitors and family functions consistent occupancy for the motel is assured.
There are 17 well-appointed units offering a popular choice of room styles. Comprising an extra-large family unit, 5 roomy deluxe units, 10 inviting and fresh motel rooms plus a compact self-contained unit for longer stays, it caters for most guest requests. This very successful motel also has a sparkling 10 metre saltwater pool. An unexpected bonus is the spacious 3 bedroom, 2 bathroom private owner /manager’s residence. This motel will return to an astute buyer not only a profitable business but also a wonderful lifestyle. It should not be overlooked.
KEY FEATURES of the motel business include:
- Consistent year-on-year income growth with further upside
- Excellent 3 bedroom, 2 bathroom stand-alone residence incorporating separate lounge, dining, and kitchen plus its own private garden areas and BBQ
- Exceptional Lease Term of 30 years direct from Vendor with a low rent ratio
- Online presence with profiles on Trip Adviser (8.8), booking.com and Expedia/Wotif.
- A member of the popular Golden Chain Group
- Fully-functional website with online booking and enquiry facilities
- Motel incorporates a variety of room configurations, giving flexibility to cater for all needs
- Seventeen rooms in total. Mostly refurbished to high, modern standards.
- Two sealed Car parking areas with full security lighting
- Large bar area with 24 hour limited liquor licence that doubles as a guest lounge and function area ideal for meetings and seminars, groups and meals or even to establish a restaurant, if desired.
- Excellent commercial kitchen which includes full pizza making facilities
- Low maintenance, large in-ground salt chlorinated pool in a lawned area with a BBQ and gazebo for guests
- Fully-operational backup hot water system, plus a 5 KW solar grid system for electricity savings
- Reliable guest complimentary WiFi throughout
- Onsite laundry facilities for guests, plus commercial washer and drier for the motel linen and towels
- Linen, towels, bedding and plant all presented to high standard
- An easy motel to operate, with minimal external staff to pay
Swan Hill really provides for all types of visitors. Apart from tourists, the motel is patronised by trade and corporate workers requiring overnight and/or extended accommodation as they service local businesses, industry, government agencies and the primary production sector. The Murray River motel is proud to have established a loyal following from this group of guests. As a consequence the business is not heavily reliant on tourism alone. This ensures that the motel enjoys consistently high patronage throughout the year, which is reflected in the occupancy figures.
With all the hard work done, there really is nothing to spend on this motel. Simply move in and maintain the business from day one. It offers a real opportunity for a personable, attentive and hands-on couple to just step in and immediately enjoy the lifestyle and importantly, the high income return from this well-recommended business.
AN OPPORTUNITY NOT TO BE MISSED!
GET YOUR FOOT IN THE DOOR BEFORE THE PEAK SEASON REALLY BEGINS
Financial Details on Inspection.
For more information DIRECT FROM OWNER/VENDOR please contact/provide details as above detailed.