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Freehold Going Concern - POA
Rare Freehold Motel in VIC Tourism Hot Spot!
MHB are thrilled to offer to market the freehold going concern business of the Lakeside Motel Waterfront, Lakes Entrance.
This exceptional waterfront property is located adjacent to the Lakes and offers breathtaking views.
Located in the heart of central Lakes Entrance, this well-presented 27 x room motel is in immaculate condition with the existing owner having refurbished 20 of the rooms just 7 years ago. The property also offers a 3 x bedroom residence upstairs with its own lounge, kitchen/dining and bathroom.
Undoubtedly an opportunity not to be missed by prudent investors.
It is a remarkable investment opportunity for developers or business owners to expand their portfolio with approx. 4,555m2 of C1Z & GRZ zoned land.
The property offers ample space for development and with its current zoning, one can go up to 3 levels of additional rooms. (STCA)
There is a straight stretch of flat and which could be utilised for further development.
What makes it even more interesting is to add a small café right across the other side of the reception facing the lakes.
With strong business turnover, immaculate conditions and high ratings across Booking.com this presents an ideal opportunity to realise your lifetime dream of coastal living.
* Absolute waterfront location adjacent to lake
* 27 x well-appointed rooms with 2 spa rooms
* Ample onsite parking, spa, BBQ area + free WiFi
* 3 x bedroom owners accommodation (upstairs)
* Separate reception and office block
* Big land size of approx. 4,555m2 opportunity to add extra rooms (STCA)
* Option to build 3 level buildings to increase number of rooms. (STCA)
* Opportunity to add a Café / restaurant on vacant land. (STCA)
*Option to buy Business at $1,350,000 on 5 x year term with 3 further rights of renewal.
Contact Kamal Sharma at MHB direct on 0417 008 672 to discuss this excellent opportunity.
Kamal Sharma | 0417 008 672
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