-- UNDER CONTRACT --
Take advantage of this rare opportunity to own this Motel, a highly regarded motel in the heart of Mildura, just minutes from the Murray River and key attractions. Established in 1980, this single-level, low-maintenance motel offers a strong reputation built on consistent service and high occupancy rates, making it an ideal investment for business buyers.
Key Highlights:
·10 Ground-Floor Rooms: Catering to tourists, families, and business travellers with a variety of room types, all equipped with reverse cycle air conditioning, free Wi-Fi, flat-screen TVs, and non-smoking accommodations.
Prime Location: Situated within walking distance of Mildura's city centre, major tourist destinations, and public transport
Consistent Occupancy: With a steady 72% occupancy rate and repeat guests, the motel generates reliable income. Tariffs range from AUD115 to AUD190 per night.
·Amenities: The motel features an outdoor swimming pool, undercover parking, and bike hire services, enhancing the guest experience.
Awards & Recognition: Recipient of multiple excellence awards, including the Tripadvisor Certificate of Excellence and Hotels Combined Stellar Stays, and featured in Lonely Planet.
Owner's Residence: Includes a private, on-site residence with one bedroom, kitchen, lounge, and direct access to the reception area.
Growth Potential:
Opportunities to increase revenue include enhanced digital marketing, partnerships with local attractions, and exploring small corporate event hosting. This established business offers significant room for growth in Mildura's booming tourism market.
Lease Details:
·Attractive Rent with 15 years remaining on the current lease (5x5x5).
Reason for Sale: Current owners are retiring after 20 years of operation.
Asking price - $500,000 ( Leasehold Only )
Interested? Contact the agent for more information or to schedule a viewing. Invest in Mildura's thriving tourism industry with this well-positioned and profitable motel.
Dilun Pathirana
Phone: (03) 8761 9218
Phone: M: 0426 291 868
E-mail: dilun@everestcpbb.com.au
Office: Level 1, Her Majesty's Business Centre,
54 Davis Avenue,
South Yarra, VIC 3141
