Large-scale, long leasehold in the Great Ocean Roadâs biggest city | Resort Brokers ID : LH007931
Offer Over $4,000,000
Motel (Leasehold) hospitality, WARRNAMBOOL VIC
On offer is an outstanding opportunity to secure the leasehold interest of a premium full-service accommodation venue in the beautiful beachside city of Warrnambool, setting the benchmark with multiple strong income streams.
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Rarely offered47-year lease (including 9 x 5-year options)
- Central location with a massive street frontage
- Diverse business with multiple income streams
61 well-appointed rooms across multiple configurations
Operate as a“hands on” concern or continue under management
Popular restaurant, bar and lounge caters to guests and general public
- Versatile fully equipped function centre can cater up to 300 guests includes a dedicated kitchen
Fully refurbished interior& exterior in recent years
- 2022 HotelsCombined“Recognition of Excellence” Award
- Inspections by appointment only
Date updated: 21 Apr 2024 23:00:05
More Information
- Total Purchase Price: Offer Over $4,000,000
- Net Income: $ 1,152,558
(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?