Establish a footprint in WA with this outstanding hotel freehold | Resort Brokers ID : FH008002
$4,250,000
Hotel hospitality, Albany WA
ResortBrokers is excited to exclusively present to market the freehold going concern of ibis Styles Albany.
On offer is a well-established, 50-key midscale motel that has solidly traded for over 40 years.
The motel enjoys excellent street frontage on Albany Highway and is close to the citys renowned beaches, spectacular coastline and other main attractions that have seen Albany become one of top three most visited LGAs in the state.
ibis Styles Albany enjoys strong revenue with further room to grow occupancy and is ready to flourish in the right hands.
The motel occupies a largeparcel of land with space available for additional units, thereby increasing occupancy and revenue. This is subject to Planning Consent.
The motels on-site restaurant adds to overall profitability.
Astute investors should be quick to consider this exceptional opportunity to secure a large freehold motel well below replacement value with untapped potential in a growing regional tourist destination.
- 50-key midscale motel in central Albany
- Well-established with solid 40-year trading history
- Strong revenue with room to grow occupancy
- Land available for additional expansion subject to Planning Consent
- Rooms cater to both business and leisure travellers
- Currently run under management
- Hands-on operator would unlock potential
- Huge scope to revitalise asset
- On-site bar and grill restaurant
- Vacant possession available
- Inspections by appointment only
Date updated: 21 Apr 2024 23:00:05
More Information
- Total Purchase Price: $4,250,000
- Net Income: $ 0
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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
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Number of units the manager is authorised to manage.
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The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
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The value of on-title property included with the business. Its price is included in the Total Purchase Price.
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Can the manager own a pet on site?