1st time to market in over a decade freehold motel in Hamilton, VIC | Resort Brokers ID : FH007999
$2,990,000
Motel (Freehold) hospitality, Hamilton VIC
Presenting an exclusive opportunity, ResortBrokers bring to market the Freehold Going Concern of the Hamilton Lonsdale Motel, a tightly held asset, offered to market for the first time in over 10 years.
Centrally located along the main thoroughfare into town, the property which has undergone extensive refurbishments and renovations is impeccably maintained with minimal external landscaping required.
Boasting a four-star rating and 15 rooms, the motel enjoys consistently high occupancy throughout the year and has achieved impressive financial performance, with a solid turnover in 2023. Benefitting from corporate, trade and hospital-related travellers and those attending local events and attractions, with the Performing Arts Centre and Art Gallery nearby.
This property presents a compelling opportunity for the opportunistic buyer, be quick as stock for Freehold Motels in central locations do not last long!
- Freehold Going Concern 15-key motel
- Solid turnover and high Net Proft circa $433k
- Renovated& refurbished with low maintenince landscaping
- Well-presented, simple operation freehold and business motel
- Room to expand, DA in place for extra 3 rooms
- Opportunity for buyers to sell off a lease and hold the investment
- Centrally located close to dining, shops, parks, tourist attractions, Performing Arts Centre& Art Gallery
- Demonstrated business success with strong and consistent occupancy
- Inspections by appointment only
Date updated: 21 Apr 2024 23:00:05
More Information
- Total Purchase Price: $2,990,000
- Net Income: $ 432,437
(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?