Warrnambool

Reduced Leasehold $950,000

2398ML - HUGE FOUR STAR LEASE - AT THE TOP OF THE TOWN

This has to be one of the strongest motel towns in Victoria, with one of the best dual markets of corporate and domestic tourist.

There's nothing to do other than change a light globe or two in this 20 plus room high end motel. Then build on the goodwill of our vendors and continue to grow and service a loyal corporate clientele and an active set of high worth tourists.

Roll call! Four star - tick. 30 plus year lease - tick. A fair rent - tick. Great family residence - tick. Access to good schools - tick. Excellent Income - Bigger tick!

Net profit $276,561 for 2016/17 (as provided by vendor)

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

Property ID: 2398ML (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.bWarrnambool 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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