Property Description
The Wangaratta Motor Inn provides an outstanding opportunity to purchase a strong Freehold and Business Motel in a well performing Region & City. This 30 unit Motel is centrally located close to the CBD, walking distance to private and public hospitals, Kmart, Coles, restaurants and major fast food outlets including – McDonalds, KFC, Hungry Jacks, Subway.
The current owners have been steering the ship for 18+ years and now planning to retire, the motel has a nice upside and would be a perfect fit for an energetic couple to take it to the next level.
• 30 Room motel with large on site parking area.
• Excellent location close to CBD, local eateries & major fast food outlets. are within walking distance. (McDonalds, KFC, Subway, Hungry Jacks)
• A fully licensed restaurant currently sublet @ $700 per week + outgoings to popular dine in / take away outlet on a 3 x 3 yr lease
• Excellent repeat clientele, from workers, events, reps and tourists.
• 15KW Solar panels installed resulting in ongoing cost savings.
• Freshly renovated bathroom in the residence.
This Motel offers a consistent turnover for would be buyers with a great opportunity for continued growth and further improvement to the bottom line in one of North East Victoria’s largest and most vibrant cities.
Contact Tower Business & Real Estate today to request further information on this rock solid property.
