Warrnambool

Leasehold $395,000

2404ML - NOW 25 YEAR LEASE

There's a lot going for City Heart.
Closest budget motel to the Warrnambool city centre.
Far enough away to be quiet as a mouse.
A loyal clientele with new business arriving daily.
An affordable price with a a 25 year lease.

City Heart overlooks the business district of Warrnambool. It is a typical easy run motel where your efforts brings big results to your bottom line.

Family duties have held our vendors back in their endeavours, but the motel is set to take off in a very upward direction.

Ready, set, go!

Net profit $109,113 for 2016/17

Contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2404ML (quote when enquiring)

Location: With a population of 34,000 and a catchment of 100,000 Warrnambool is the regional centre to Victoria's Great South Coast. It is located 263 km south west of Melbourne, a drive of approximately three hours. Travelling the Great Ocean Road to Warrnambool takes 5.5 hours. Warrnambool is also 655km from Adelaide in South Australia, an 8 hour drive.

Whilst agriculture - dairy, sheep and forestry - remain the mainstay of the regional economy, renewable energies are a key opportunity particularly in the emerging international carbon economies. The natural resources of wind, wave, gas and geothermal will position the Great South Coast as Victoria's alternative energy region. Adding value to primary produce is a prosperous manufacturing sector where butter, cheese, meat and seafood is made and exported.

There is also an expanding engineering focused manufacturing sector to support the bigger projects and developments of the Region. This activity has led to not just business growth and development but also innovation in responding to needs.

Property Type business

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Agent Details

Reg Partington photo

Reg Partington

0407 412 479
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Annette Adams photo

Annette Adams

0405 534 737
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