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Motel business for sale in Gippsland Greater Region VIC

  • Motel
  • Gippsland Greater Region VIC
  • $3,000,000 (GST na)

Motel Business + Freehold Land with Development Permit in Regional Victoria

Well-known motel located two hours' drive from the Melbourne CBD and located in one of the fastest growing towns in Victoria.

A number of multi-million dollars infrastructure, commercial and industrial developments scheduled to be built in the next few years within a 20 km radius.

Total land space over 23,000 sqm and permitted to build more accommodation rooms, 110-place child care facility and other commercial building facilities.

Premise has over 48 accommodation rooms, dining area, gym and located near leading services hub.

Victorian state government scheduled to spend over $220m in services facility developments and create hundreds of new jobs close to the business, a long term positive development for the business and property.

Despite Covid, the accommodation business consistently generates strong profit.

Annual rent is $260,000 + GST

Opportunity to purchase the motel business plus development approval of the freehold land for $16,000,000 or option to buy the motel business only for $3,100,000.

Everest Commercial Property & Business Brokers
Everest Commercial Property & Business Brokers
Suite 1, 54 Davis Avenue
South Yarra, VIC 3141

Business Highlights

Business ID2017857431
Floor AreaAsk Business Broker
Category
Last updated  19 Jun 2022
Map for Gippsland Greater Region VIC
Map for Gippsland Greater Region VICGippsland Greater Region VIC
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Everest Commercial Property & Business Brokers
Everest Commercial Property & Business Brokers
Suite 1, 54 Davis Avenue
South Yarra, VIC 3141

Business Highlights

Business ID2017857431
Floor AreaAsk Business Broker
Category
Last updated  19 Jun 2022

Listed by

Dilun Pathirana
Everest Commercial Property & Business Brokers
Call
0426291868

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