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A True Award Winner | Resort Brokers ID : LH006098

$649,000

Motel (Leasehold) hospitality, Halls Gap VIC

With this many accolades in a growing tourism market, this 23 room motel is a real winner. Located in the main street of Halls Gap, in a picturesque bushland setting at the foot of the Grampians National Park, it is perfectly set up for eco and adventure tourism.

  • 38% return on investment
  • 23 rooms + 2 extra rooms not currently used for accommodation
  • One bedroom residence with lounge and private garden. (Interconnects with a motel room if needed)
  • 2 BBQ areas, communal kitchenette, breakfast room, high-speed Wi-Fi
  • Located in the main street of the town of Halls Gap
  • Multi-award winning motel
  • 31.9% growth in visitor spend for 12 months ending Sept 18 (Tourism Research Australia)
  • Property inspections are by appointment only
Date updated: 06 Dec 2019 23:00:06

More Information

Financial Overview

  • Total Purchase Price: $649,000
  • Net Income: $ 235,160 (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: 2.8
    This is the approximate number of years the business' revenue would pay for the business component.

  • Letting Pool: TBC
    Number of units the manager is authorised to manage.
  • Owner Occupiers: 0
    Number of units resided in by their owners.
  • Lock Ups: 0
    Number of units owners are not renting out, but also do not live in.
  • Outside Agents: 0
    Number of units being rented by other agents (these could potentially be acquired by the manager).
  • Units In Complex: TBC
    The total number of units within the complex.

  • Remuneration: $ 0
    This is the body corporate caretaker salary. It is included in the Net Income above.
  • Agreement Term: 0 years
    How long is the caretaking contract.
  • Agreement Remaining: 0 years
    How long remains on the caretaking contract before it must be renewed?
  • Agreement Age: 0 years
    How long has the management rights existed.
  • Obligatory Office Hours:
    Are there any set office hours stipulated in the contract?

  • Manager's Unit:   0 0
  • Included Real Estate: $ 0
    The value of on-title property included with the business. Its price is included in the Total Purchase Price.
  • Manager's Car Spaces: 0
  • Office On Title: 0
    Is there a manager's office included on the title?
  • Pets:
    Can the manager own a pet on site?

    • Listing Agent Contact Details


    Similar Properties

    • Property ID: 3910126
    • Broker's Ref: LH006098
      • =754806
    • Last Update: 3 weeks ago.
    • Listing Type: Motel (Leasehold)
    • Price: $649,000
    • Halls Gap, VIC