Are you a Business Owner?
Set up your Private Seller Account and create your listing todayGet Started Here
This Business is listed due to a family crisis. The price has been drastically reduced for immediate sale. This well established motel is ideally located in the heart of Glenelg, a 2 minute walk to beautiful Glenelg Beach, Glenelg Marina, Restaurants, Hotels, the Adelaide Tram, and Jetty Road shopping precinct. It comprises of 38 upgraded rooms, including 3 spa rooms, 3 interconnecting family rooms and 2 interconnecting kitchenettes. 2 bedroom managers quarters, a large reception area, and ampol on site parking. Capital improvements made to the motel have been in excess of $629,000.00. up to June 2015, from motel income.
10 year new lease from 2016 with option for new lease at the end of existing term.
300,000.00 (inc GST) per annum
Walking distance to Jetty Road, Beach, Marina, Hotels and Restaurants.
7.30am - 8.30pm (7 days a week)
If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.Sell Your Business