Making a living and loving where you live is as good as it gets.
This is a magnificent motel with prime exposure on the Main Road coming into Lakes Entrance.
As it sits on top of a hill, it provides beautiful panoramic views over the Gippsland Lakes and the Bass Straight / Ocean.
The land size is 7,400 m2, with a large parcel still vacant and available for future development. ( see pictures )
On offer is a 40 room - Freehold Going Concern zoned as General Residential Schedule 1 (GRZ1).
Possible 2nd Floor expansion and/or residential development opportunities. (STCA).
The investment in the land alone could be an amazing long term investment.
Large state-of-the Art commercial kitchen and 110 seat restaurant that is not in use currently, but is ready to go now.
Massive opportunity for a new Vendor to offer Breakfast, which would substantially increase bookings and NET profit.
There are many variations of room layouts to cater for all types of guests that require their own configurations and/or special room sizes
All motel rooms have great facilities, and a fairly new commercial laundry is set up for big volume of clientele.
Huge amount of parking for guest's.
The Occupancy Rate has been steadily climbing for the last 3 years, and should be well over 50% in 23–24.
The whole property has recently undergone internal and external renovations.
Currently a very profitable Motel business with vast opportunities for further growth in this very popular tourism, coastal town.
The Vendor has asked for pre-planned inspections and would prefer no walk-ins.
Please Submit a enquiry online for more information.
