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A highly desirable leasehold in Apollo Bay on the Great Ocean Road. | Resort Brokers ID : LH008442
$700,000
Motel (Leasehold) hospitality, APOLLO BAY VIC
The Beachcomber Motel and Apartments boasts 16 well-presented rooms, a long lease to 2043, with consistent net profits. The high standard of service has earned the motel a strong rating of 4.5 out of 5 and has seen occupancy grow over the last twelve months in the booming accommodation region of Wagga.
With a mix of corporate travellers Monday through Thursday, it also provides the ideal weekend destination for the leisure market. Apollo Bay is nestled in the heart of the Great Ocean Road, under pinned by over 7-million visitors annually, coupled with an overlay of corporate travellers.
Beachcomber is centrally located, only a short five minutes walk to the beach, shops, pubs, restaurants, cafes, golf-course and harbour, whilst offering a peaceful and quiet stay for its guests.
The motel also includes an owners unit with three bedrooms and a bathroom, providing comfortable accommodation for the manager or owner.
Apollo Bay is a great base for guests as they explore the world-famous twelve apostles and Cape Otway National Park. Properties of the quality rarely come to market and an astute investor will be quick to consider this exceptional opportunity along the world-famous Great Ocean Road.
This is a remarkable opportunity to invest in a thriving business in a vibrant location.
- 16 well-presented rooms (9 motel rooms, 5 x one x bed apartments, 2 x two bed apartments)
- Long lease to 2043- Consistent net profit
- Booming Apollo Bay accommodation location
- Generous owners’ residence; 3-bedroom, 1-bathroom
- Inspections are by appointment only
Date updated: 01 Dec 2024 22:00:04
More Information
- Total Purchase Price: $700,000
- Net Income: $ 197,300
(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.
Number of units being rented by other agents (these could potentially be acquired by the manager).
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.
How long remains on the caretaking contract before it must be renewed?
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?