Hotel Motel Near Templestowe (Newly Renovated, Main Road!)- Ref: 10026
Takings: $110,000-$120,000 pmonth approx
• Newly renovated motel/ hotel total has 40 rooms with many car parks
• Current owner made massive investment in renovating the motel, now very attractive/modern
• The motel has had massive improvement in occupancy rate from below 30% in past to now over 65% ! Fantastic occupancy.
• This motel also has 5 function rooms with restaurant
• The business and freehold to be sold together
Asking only $13,200,000 (includes Business and Freehold!)
For more information about this listing, please contact the agent below.
First Choice Business Brokers
Level 1, 532 Station Street, Box Hill
Phone: (03) 9899 1888
Fax: (03) 9899 4888