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Motel FREEHOLD investment. 8.75% return. !!

$1,250,000

Kerang, Victoria

Motel FREEHOLD investment. 8.75% return. !!

Motel (freehold only) investment with a 30 year lease with rental income $110,000 per annum with CPI increase yearly and market review every 5 years.
Current owners have owned this motel for over 22 years and is now time for retirement.
This motel is situated on the Murray Highway, Kerang in prime position in the heart of the Kerang Valley where the traffic flows from morning to night to Melbourne and Adelaide all year long.
The motel has 31 ground level units with an inground swimming pool.
Also included is a 250 seating capacity conference room and entertainment centre as well as a 60 seat restaurant.
For the managers residence is a 4 bedroom home with 3 bathrooms for the owners comfort.
This investment property has it all .
Kerang has all facilities you would expect in a regional town such as hospital, schools, good shopping centre and also V/line train services going to and from Melbourne daily and so much more.
Anyone wanting 8.75% return on their investment, it is there for the taking.
PRICE $1,250,000 plus long lease
Inspections by appointment only and Vendors do not want direct enquiries, so please contact us.
Quote MSA 5034 and call Michael on 0400 645 133, or submit an enquiry.

Features

Motel Information

  • Restaurant Facilities
  • Liquor Licence
  • Restaurant
  • Lease: -

Caravan Park Information

Business Links / Tools

Last updated: 22nd June 2020

Summary

Property Type
Business
Contract Type
For Sale
Location
 Kerang
State
 Victoria
Price
$1,250,000
Category
  • Caravan Park
  • Function Centre
  • Motel

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Contact

Michael Keltie