Outstanding freehold motel opportunity located between Melbourne&Adelaide | Resort Brokers ID : FH007621
$3,900,000
Motel (Freehold) hospitality, Penola SA
ResortBrokers offers to market the outstanding opportunity to purchase an impeccably presented, freehold going concern motel, ideally located in picturesque Penola, midway between Melbourne and Adelaide on the Limestone Coast.
The accommodation is made up of 18 high-quality suites, comprising of 2 queen and 6 king rooms, along with a 3-bedroom fully self-contained and tastefully restored 100-year-old cottage known historically as Townsend House.
Further to this, and rarely found attached to a freehold motel is a spacious 3-bedroom manager's residence, incorporating a lounge, large kitchen, private yard, and undercover parking.
The Alexander Cameron Suites is a simple operation motel with no restaurant, currently run by working owners together with casual cleaners. The scale allows several options for incoming purchasers to either run as owner-operators, under management or to split off a lease and hold onto the much sought-after passive investment.
- Simple operation with no restaurant
- 18 suites, 1 cottage + 3-bedroom manager’s residence
- Opportunity to sell off a lease and hold the investment
- STCC additional units could be built on unused land
- Strong YTD occupancy 76.1%
- Growing RevPar
- No Stamp Duty Payable in SA
- Inspections by appointment only
Date updated: 21 Apr 2024 23:00:04
More Information
- Total Purchase Price: $3,900,000
- Net Income: $ 0
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