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Quality 14 key Motel in East Gippsland - High Occupancy with Growth Potential | Resort Brokers ID : LH008679
$750,000
Motel (Leasehold) hospitality, ORBOST VIC
ResortBrokers presents an excellent opportunity to purchase a quality leasehold in East Gippsland. Located in Orbost, this motel is one of only three in the area, offering a unique leasehold opportunity. With 14 well-appointed rooms and a 27-year lease, it ensures stability and long-term potential. Recent upgrades include smart TVs and enhanced Wi-Fi. The property features a swimming pool, a barbecue area, and a commercial kitchen for potential revenue growth. Positioned near the Snowy River National Park, it attracts corporate travellers and tourists alike, making it a sound business venture.
- Golden Chain Motel affiliation
- Proximity to the town centre
- Ample on-site parking with main road access
- Ideal for corporate travellers seeking comfort and value
- Features a swimming pool and barbecue area
- Only one of three motels in Orbost
- Spacious rooms suitable for groups
- Long 27-year lease with CPI adjustments
- Inspections are by appointment only
Date updated: 13 Apr 2025 23:00:04
More Information
- Total Purchase Price: $750,000
- Net Income: $ 122,843
(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?