McDonald Hospitality Brokers | Over 40 years experience
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MHB are delighted to offer to market for sale the Leasehold Business of the Advance Motel.
Presenting a strong performing Motel business located in the thriving and growing regional Victoria city of Wangaratta, this tastefully presented Motel is perfectly situated within walking distance to the city centre and all amenities.
The Advance Motel offers 26 accommodation units with diverse and varying room configurations including a 3 bedroom apartment with kitchen and laundry facilities, deluxe spa suites plus a disability access suite, an in-ground swimming pool, brand new heated spa, BBQ facilities, relaxing grassed areas, guest laundry, fully licenced, ample guest parking for cars, trailers and larger vehicles, plus, as an added bonus there is a spacious and light filled residence with three good sized bedrooms plus secure private outdoor area.
* Long Lease with excellent terms
* Solid annual turnover
* Buyers Yield of approx. 31.5%
* Beautifully maintained and landscaped
* Pet friendly accommodation, popular with tourists
* Excellent location close to town and shopping precinct
* Repeat clientele with reps, workers and visitors
* Fully licenced/Liquor Licence
* Priced to sell
Hosting an assortment of attractions which brings many tourists and visitors to the area including the rail trail, food and wine, arts, jazz and music concerts, an array of outdoor activities, annual festivals and events, Wangaratta is the biggest regional city servicing North East Victoria and the entrance to Victoria's spectacular High Country the region.
You won`t be disappointed. Book an inspection to view this fantastic business with Dan McDonald – 0437 838 368
Freehold Passive Investment
SOLD - Hermitage Motor Inn, Wangaratta VIC - 1P0051
Leasehold - $370,000
UNDER CONTRACT - Regency Court Motel, Cobram VIC - 1P0004