Beautifully Presented 12 Room Leasehold Motel + Residence Very Profitable and Easy-to-Run
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Retiring couple now proudly offer for sale their totally refurbished, profitable and renovated motel leasehold business. An ideal opportunity to benefit from vendor's 14 years continuous ownership and recent motel refurbishments. The motel is ideally located within walking distance of cafes, restaurants and the central shopping precinct ensuring continuing patronage from both the business and tourist sector.
Cobram is a popular holiday and sporting destination with a vibrant a business and corporate community ensuring a constant weekly presence of corporate /business and trade guests. Central to many large agricultural industries with varied community events , sport events, and recreational calendar events, to ensure a constant flow of visitors to the region with all factors contributing to a well patronised and reliable source of motel income.
This delightful motel consists of 12 single level renovated and well-appointed rooms offering diverse accommodation options consisting of 8 Standard Queen Sized Rooms, 3 Twin Rooms and one family Room to cater for most guest requests. This rewarding business with a neat and pleasant owner's residence consisting of 2 bedrooms, one living room, kitchen, renovated bathroom, carport, private yard and an adjoining reception/office plus the added benefit of a commercial laundry. A sparkling in ground fully tiled salt water pool, beautiful landscaped gardens and relaxing barbecue area truly completes this highly profitable lifestyle property.
Features of this exceptional motel include:
* Well-established and prominently located business with over 14 years successful operation by retiring vendors
* Accommodation income exceeding $275,000 annually with genuine high profit margin
* Long 26 year lease with nothing to spend on motel presentation.
* Business asking price represents over 30 % return on asking price, with added bonus of a delightful residence
* Online presence with profiles on Expedia and Booking.Com
* Functioning website with online booking and enquiries facilities
* High weekly corporate /business workers patronage
* Solid brick motel construction with concrete driveway with ample parking to all units
* On-site Commercial laundry
* Linen- Bedding as new with fully renovated bathrooms.
* High Accommodation Income with potential to further increase.
* Business still operating profitably notwithstanding current restrictions.
Genuine opportunity for motivated couple seeking the ultimate lifestyle with security of income. Bank Finance available to approved purchaser.
For more information on this outstanding leasehold motel, please contact Chris Keeshan.