Sea Change Awaits! Acquire a thriving water front 10 key motel in Lakes Entrance | Resort Brokers ID : FH008760
$2,900,000
Motel (Freehold) hospitality, LAKES ENTRANCE VIC
ResortBrokers is delighted to present the freehold going concern of Cunningham Shore Motel in Lakes Entrance. This 10-key accommodation asset offers a spacious three-bedroom owner's residence with water views. Positioned on Esplanade, it boasts high tourist traffic and exceptional exposure. The motel features a solar-heated saltwater swimming pool, barbecue area, guest laundry and annual occupancy consistently over 70%. High customer ratings on OTA sites, a quality website and Golden Chain affiliation ensure strong customer loyalty. Recent property upgrades with no capital expense required make this motel a lucrative venture with potential for further growth. Ideal for first-time entrants or seasoned moteliers seeking a thriving tourism asset.
- Freehold Going Concern - own both the business and the land
- 10 keys with diverse configurations, including family, spa, twin, deluxe, and accessible
- Spacious 3-bedroom, 2-bathroom owner's residence with water views
- Prime location on the esplanade - exceptional exposure and tourist traffic
- Outstanding guest facilities including solar-heated saltwater pool, barbecue area, guest laundry
- Occupancy consistently exceeding 70%
- High customer ratings and strong brand loyalty through Golden Chain membership
- 13kW solar system - significantly reduces operational costs
- Recent capex upgrades - new carpets, hard wire mesh Wi-Fi system, driveway concreting, paint work - zero immediate spend required
- Tourism growth - East Gippsland's visitor numbers surged 26% in 2023 to 1.71 milliion (Tourism Research Australia)
- Inspections by appointment only
Date updated: 06 Jun 2025 23:00:02
More Information
- Total Purchase Price: $2,900,000
- Net Income: $ 299,839
(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
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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.
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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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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?