Accommodation and Tourism
Cobram l VIC
Ref: 6848292101

Impressive 12 Room Leasehold Motel + Residence For Sale

Retiring couple now proudly offer for sale their totally refurbished, profitable and renovated motel leasehold business. An ideal opportunity to benefit from the vendor's 12 years continuous ownership and motel renovation. The motel is ideally located within walking distance of cafes, restaurants and the central shopping precinct ensuring continuing patronage from both the business and tourist sector.

Cobram is a popular holiday and sporting destination with a vibrant business and corporate community ensuring a constant weekly presence of corporate/business and trade guests. The motel is central to many large agricultural industries and the local area runs varied community events, sport events, and recreational calendar events. These all ensure a constant flow of visitors to the region. All these factors contribute to a well-patronised /reliable source of motel income.

This delightful motel consists of 12 single-level, renovated and well-appointed rooms offering diverse accommodation options consisting of 8 Standard Queen-sized Rooms, 3 Twin Rooms and one family Room to cater for most guest requests. This rewarding business also comes with a neat and pleasant owner's residence consisting of 2 bedrooms, living room, kitchen, renovated bathroom, carport and a private yard. There is also an adjoining reception/office plus the added benefit of a commercial laundry. A sparkling in-ground fully-tiled salt water pool, beautiful landscaped gardens and relaxing barbecue area truly completes this highly-profitable lifestyle property.

Features of this exceptional motel include:

Well-established and prominently located business with 12 years successful operation by retiring vendors
Accommodation income exceeding $275,000 annually with genuine high-profit margin
Long 26 year lease with nothing to spend on motel presentation.
Business asking price represents over 30 % return-on-investment with the added bonus of a delightful residence
Online presence with profiles on Expedia and Booking.Com
Functioning website with online booking and enquiries facilities
High weekly corporate /business workers patronage
Solid-brick motel construction with concrete driveway and ample parking for all units
On-site Commercial laundry
Linen/Bedding as new with fully renovated bathrooms
High Accommodation Income with potential to further increase.
Genuine opportunity for motivated couple seeking lifestyle with security of income.

Bank Finance available to approved purchaser.

For more information on this outstanding leasehold business please contact VENDOR DIRECT as detailed.

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