Rare 26 Key Metropolitan Melbourne Motel Leasehold | Resort Brokers ID : LH009342
Motel Hospitality for Sale in Mulgrave, VIC — $2,100,000
Key facts
- Price
- $2,100,000
- Location
- Mulgrave, VIC 3170
- Type
- Motel Hospitality
- Listed by
- Resort Brokers
- Listing ID
- 21194443
- Last updated
- 2026-10-11
Description
The Mulgrave Motel delivers a rare metropolitan Melbourne leasehold opportunity featuring 26 refurbished keys with 28 years remaining on a secure lease term. <br />
<br />
Strategically positioned between Princess Highway and Springvale Road with exposure to approximately 100,000 vehicles daily, this turnkey operation generates a 20% return on investment whilst maintaining steady occupancy and increasing average daily rates. <br />
<br />
Comprehensive renovations including all bathrooms, premium AH Beard Executive Supreme beds throughout, and fresh finishes ensure no immediate capital expenditure is required, whilst a 39.6kW solar system with battery storage substantially reduces ongoing utility costs.<br />
<br />
Unlike competitor properties heavily dependent on online travel agencies, OTA commissions represent only 31.7% of total bookings, preserving profitability and operational control. <br />
<br />
The business benefits from diverse revenue streams including corporate clients, government contracts, healthcare visitation and leisure travellers, supported by the highest guest satisfaction ratings in the area at 8.5/10 on Booking.com. <br />
<br />
Additional income is generated through three coin-operated washers and dryers independent of room occupancy. With five consecutive five-year lease options, full staffing in place, and significant growth potential through healthcare precinct partnerships and enhanced marketing initiatives, this represents an exceptional metropolitan business combining security, performance and upside. <br />
<br />
Contact Resort Brokers today to arrange a confidential inspection and review the comprehensive financial documentation.<br />
<br />
<br />
- Rare 26-key metropolitan Melbourne leasehold business with high-traffic exposure to approximately 100,000 vehicles per day.<br />
- Comprehensive refurbishment completed including all bathrooms, new beds, carpet and paint with no immediate capital expenditure required.<br />
- Exceptional lease security with 28 years remaining on a 10-year term plus five consecutive five-year options.<br />
- Occupancy has remained steady while average daily rates have increased, demonstrating pricing power and market strength.<br />
- 39.6kW solar system with battery storage substantially reduces ongoing utility costs and improves net profit margins.<br />
- Low reliance on expensive OTA commissions at only 31.7% of total bookings compared to industry average of 50-60%.<br />
- Owned onsite coin laundry generating additional revenue independent of room occupancy.<br />
- Highest-rated motel in the area with 8.5/10 on Booking.com and 8.6/10 on Expedia from over 1,000 combined reviews.<br />
- Inspection by appointment only.<br />
Date updated: 11 Oct 2026 23:00:07
<br />
Strategically positioned between Princess Highway and Springvale Road with exposure to approximately 100,000 vehicles daily, this turnkey operation generates a 20% return on investment whilst maintaining steady occupancy and increasing average daily rates. <br />
<br />
Comprehensive renovations including all bathrooms, premium AH Beard Executive Supreme beds throughout, and fresh finishes ensure no immediate capital expenditure is required, whilst a 39.6kW solar system with battery storage substantially reduces ongoing utility costs.<br />
<br />
Unlike competitor properties heavily dependent on online travel agencies, OTA commissions represent only 31.7% of total bookings, preserving profitability and operational control. <br />
<br />
The business benefits from diverse revenue streams including corporate clients, government contracts, healthcare visitation and leisure travellers, supported by the highest guest satisfaction ratings in the area at 8.5/10 on Booking.com. <br />
<br />
Additional income is generated through three coin-operated washers and dryers independent of room occupancy. With five consecutive five-year lease options, full staffing in place, and significant growth potential through healthcare precinct partnerships and enhanced marketing initiatives, this represents an exceptional metropolitan business combining security, performance and upside. <br />
<br />
Contact Resort Brokers today to arrange a confidential inspection and review the comprehensive financial documentation.<br />
<br />
<br />
- Rare 26-key metropolitan Melbourne leasehold business with high-traffic exposure to approximately 100,000 vehicles per day.<br />
- Comprehensive refurbishment completed including all bathrooms, new beds, carpet and paint with no immediate capital expenditure required.<br />
- Exceptional lease security with 28 years remaining on a 10-year term plus five consecutive five-year options.<br />
- Occupancy has remained steady while average daily rates have increased, demonstrating pricing power and market strength.<br />
- 39.6kW solar system with battery storage substantially reduces ongoing utility costs and improves net profit margins.<br />
- Low reliance on expensive OTA commissions at only 31.7% of total bookings compared to industry average of 50-60%.<br />
- Owned onsite coin laundry generating additional revenue independent of room occupancy.<br />
- Highest-rated motel in the area with 8.5/10 on Booking.com and 8.6/10 on Expedia from over 1,000 combined reviews.<br />
- Inspection by appointment only.<br />
Date updated: 11 Oct 2026 23:00:07