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Motel LEASEHOLD - 30 year lease

$595,000

Kerang, Victoria

Motel LEASEHOLD - 30 year lease

High profits. Long lease and low rent !!!
Motel leasehold with a 30 year lease and low rental situated in Kerang.
The owners have been running this Motel for 23 years and it is now time for retirement
This Motel is situated on the Murray Valley Highway in prime position in the heart of the Kerang Valley where all the traffic from Melbourne and Adelaide flows all day 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 a 60 seating restaurant fully licensed.
For the owner/operators there is a 4 bedroom residence with 3 bathrooms for the comfort of the owners.
Located in prime position on the Main road and situated on 2 acres with the Lodden river running at the back of the property.
This motel would suit husband and wife team and this business is functioning at top level because of the dedication of the family in the most professional manner with an attractive income.
Training will be offered to new, suitable owners that would like some initial assistance.
The motel is patronised with repeat clientele such as corporates, holiday makers, bus tours and passing traffic all year round.
Persons wanting a change from the hustle and bustle of suburbia and city life with a great financial future then make it happen, come and see the town of Kerang in country Victoria and be pleasantly surprised.
Kerang has all the facilities you would expect in a regional town such as hospital, 2 medical centres, 2 High schools 3 Primary schools, shopping centre including Woolworths and Aldi, Target.
There is also V/line train services going to and from Melbourne 3 times daily and to South Australia and so much more.
The business model could be changed to a simple bed & breakfast or continental breakfast for those that want this type of motel.
There is also huge opportunity to further improve the occupancy as a more targeted online presence would be very, very beneficial.
Currently they do not have a website !! - and we all know a strong online presence is vital. Currently only booking sites are used.
PRICE $495,000 Inspection by appointment only.
Finance available to approved purchaser
Please quote MSA 5034 and call Michael on 0400 645 133 - NOW !!! or submit an enquiry.

Features

Managers Unit

    Complex Information

    Motel Information

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

    Caravan Park Information

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    Last updated: 29th June 2020

    Summary

    Property Type
    Business
    Contract Type
    For Sale
    Location
     Kerang
    State
     Victoria
    Price
    $595,000
    Category
    • Caravan Park
    • Management Rights
    • Motel

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    Contact

    Michael Keltie