BEACHSIDE LEASEHOLD MOTEL FOR SALE - VIC

$1,650,000

21 Self-contained Units close to the beach and within walking distance to the Town Centre and restaurants

Star Standard: 4 Star

Construction: Two storey brick construction with colour bond roof

Interior: Beautifully appointed rooms with timber flooring and balconies

Age of Building: Built 2015

Land Area: 1,496m2

Tariffs: Average Daily Rate 2022/23 $193.16

Turnover: 2022/23 $1,150,000 / 2022/21 $750,000 (with 3 months of lockdown)

Lease Term: New 25-year lease

Rent: $278,000

Occupancy: 77.34%

Laundry: Domestic

Services: Self-contained units with air condition, parking, wi-fi and gardens

Clientele: Corporate, Trades, Holiday makers, Victorians, International travellers

Residence: 4 bedrooms, 2.5 bathrooms, lounge/dining, study, own kitchen and carport