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Charming 9-Room Motelâ Ideal Entry-Level Opportunity with Growth Potential | Resort Brokers ID : LH008699
$365,000
Motel (Leasehold) hospitality, BAROOGA NSW
Nestled in the highly sought-after town of Barooga, this asset is perfectly positioned to capture the thriving tourist marketjust a short walk from the picturesque Murray River and renowned golf courses. The area is a popular holiday destination, attracting visitors from Melbourne, a convenient three-hour drive away.
The Sunrise Motel offers a unique business opportunity for an entry-level operator eager to enhance its potential. With a current occupancy rate of 77 per cent, there is significant room for growth. The current owners have recently installed new carpets and air conditioning in all rooms, setting the stage for further improvements that could elevate occupancy rates into the high 80s. The attached three-bedroom, one-bathroom residence provides comfortable accommodation for an owner-operator or manager, adding to the property's appeal.
This leasehold opportunity comes with a 16-year term. The motel's prime location in a popular tourist town, combined with its potential for increased profitability, makes it an attractive proposition for those looking to enter the accommodation industry.
- Significant potential to boost net profit
- Walking distance to scenic golf courses and the Murray River
- Prime holiday destination
- Solid occupancy at 77%
- Ideally located three hours from Melbourne
- Strategically located in a popular motel town
- Ideal for entry-level operators seeking to enhance profitability
- Nine-room motel in Barooga, home to prestigious golf events
- Inspections are by appointment only
Date updated: 22 Apr 2025 23:00:02
More Information
- Total Purchase Price: $365,000
- Net Income: $ 109,103
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
This is the approximate number of years the business' revenue would pay for the business component.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?