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Affordable Budget Motel Freehold in thriving Hamilton | Resort Brokers ID : FH008410
$1,150,000
Motel (Freehold) hospitality, HAMILTON VIC
Invest in Hamiltons thriving accommodation market with the Budget on the Lake Motor Inn, offering recently refurbished rooms and a spacious owners residence. The property sits on a large block opposite Lake Hamilton.
Dont judge a book by its cover! ResortBrokers introduces the Budget on the Lake Motor Inn,a well-located 12-room motel with significant scope for growth, in central Hamilton.
Situated opposite Lake Hamilton, Budget on the Lake Motor Inn is set to enjoy all that Hamilton has to offer. The large property presents with 12 rooms, each recently refurbished. The motel enjoys a steady occupancy, attracting a blend of mid-week corporate travellers and weekend leisure seekers. This diverse clientele ensures a consistent stream of revenue. With significant room for growth, this freehold going concern is an attractive proposition for owner-operators.
The motel also features a spacious owners residence, complete with three bedrooms and two bathrooms, providing a comfortable living arrangement for the owners or a manager.
- High occupancy rates in a thriving town
- Rooms recently upgraded with modern amenities
- Appeals to a diverse clientele, from corporate to leisure travellers
- Twelve elegantly appointed rooms
- Expansive owner's residence with ample space
- Large 1,615sqm block allowing for further development
- Inspection by appointment only
Date updated: 19 Jan 2025 22:00:03
More Information
- Total Purchase Price: $1,150,000
- Net Income: $ 148,012
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
This is the approximate number of years the business' revenue would pay for the business component.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
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The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
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How long has the management rights existed.
Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?