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638

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Exclusive
  • hospitality Gippsland
  • hospitality Gippsland
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  • hospitality Gippsland
  • hospitality Gippsland
  • Listing Photograph
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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

Financial Overview

  • 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
    This is the approximate number of years the business' revenue would pay for the business component.

Letting Business

  • Letting Pool: TBC
    Number of units the manager is authorised to manage.
  • Owner Occupiers: 0
    Number of units resided in by their owners.
  • Lock Ups: 0
    Number of units owners are not renting out, but also do not live in.
  • Outside Agents: 0
    Number of units being rented by other agents (these could potentially be acquired by the manager).
  • Units In Complex: TBC
    The total number of units within the complex.
  • Caretaking

  • Remuneration: $ 0
    This is the body corporate caretaker salary. It is included in the Net Income above.
  • Agreement Term: 0 years
    How long is the caretaking contract.
  • Agreement Remaining: 0 years
    How long remains on the caretaking contract before it must be renewed?
  • Agreement Age: 0 years
    How long has the management rights existed.
  • Obligatory Office Hours:
    Are there any set office hours stipulated in the contract?
  • Real Estate Component

  • Manager's Unit:   0 0
  • Included Real Estate: $ 0
    The value of on-title property included with the business. Its price is included in the Total Purchase Price.
  • Manager's Car Spaces: 0
  • Office On Title: 0
    Is there a manager's office included on the title?
  • Pets:
    Can the manager own a pet on site?
  • Location

  • Address: LAKES ENTRANCE VIC
  • Listing Agent Contact Details

    %2Fusers%2Flogo_754806%2F1.jpg Click here to view full profile for: Resort Brokers

    Portrait

    Chris Boschetti

    Office : 1300 665 ...
    Mobile : 0428 812 ...

    Resort Brokers

    http://www.resortbrokers.com.au


    Send an Email:


    Similar Properties

    Listing Photograph Exclusive $2,900,000
    hospitality LAKES ENTRANCE

    Motel (Freehold) Hospitality

    Lakes Entrance, Gippsland
    • Net Income: $ 299,839 (actual)
    • Property ID: 21155066
    • Broker's Ref: FH008760
    • =754806
    • Last Update: 3 days ago.
    • Listing Type: Motel (Freehold)
    • Price: $2,900,000
    • LAKES ENTRANCE, VIC

    Agent Details

    %2Fusers%2Flogo_754806%2F1.jpg Click here to view full profile for: Resort Brokers

    Portrait

    Chris Boschetti

    Office : 1300 665 ...
    Mobile : 0428 812 ...

    Resort Brokers

    http://www.resortbrokers.com.au


    Send an Email:


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