LARGE REGIONAL CITY LEASEHOLD!

LARGE REGIONAL CITY LEASEHOLD!
$ 2,500,000
VIC
Chris Rix / Andrew Rix
Motel
Description

Undoubtably one of the best inspections for many years. Over $2 Million has been spent in recent years to present this business in sparkling condition. Over 60 units provide the majority of income, however, it is complemented with revenue from food and beverage, conferencing and commercial laundry sales. Turn-over and profitability are consistent and improving as a result of the substantial upgrades and efficient management. A lease term of approximately 27 years remains and the rent is at industry levels. A rare opportunity to purchase one of Victoria's best leasehold motels. $2.5 Million plus S.A.V.

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