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Motel Business Run Fully Under Management In Sought After Location. $1,250,000 (16004)

$1,250,000

Oakleigh, Victoria

Motel Business Run Fully Under Management In Sought After Location. $1,250,000 (16004)

This is an exciting opportunity to acquire a Motel offering affordable accommodation in Melbourne's sought after south eastern suburbs.

Strategically located on a very busy main road, the business is in extremely close proximity to Chadstone Shopping Centre, Monash University, Gipps & Holmesglen Tafe Colleges, Monash Medical Centre, and 3 Major Tournament Golf Courses. The Oakleigh Shopping and Cafe precinct is also a 10 minute stroll from the motel. Traffic passes by at an enormous rate and there is never any shortage of guests.

The motel consists of 25 rooms, a licensed onsite restaurant with seating for 40+ people, and onsite parking for 20.

Key features include:

*Taking $20,000 per week
*Affordable rent at $4,235 per week
*Long lease in place
*Run fully under management
*Open 7 days per week, 9am-8pm (reception)
*Prominent high exposure location
*High occupancy rate during the Covid 19 pandemic

For more information please contact Sidney Zhu from LINK, formerly Klemms on the below:
Phone: 0409 528 406
Email: sidney.zhu@linkbusiness.com.au

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Features

Business Snapshot

  • Price: $1,250,000
  • Lease Options: 12+6 (commenced 2018)

Motel Information

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

Hotel Information

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

Business Links / Tools

Last updated: 28th October 2020

Summary

Property Type
Business
Contract Type
For Sale
Location
 Oakleigh
State
 Victoria
Price
$1,250,000
Category
  • Hotel
  • Motel
  • Tours

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Agency

LINK, formerly Klemms

LINK, formerly Klemms

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