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Nagambie Motel Lease For Sale

Nagambie, Victoria
Asking Price:
$650,000 (AUD)
Sales Revenue:
$315,000 (AUD)
Cash Flow:
Available on request

Recently refurbished 16 unit B&B Motel. Same owner for 10 years all the hard work has been done. Absolutely nothing to spend. Fantastic position easy walk to shops and restaurants, diagonally across the road from the Lake. 1 of just 3 motels in town. Managers residence consists of commercial kitchen, 3 spacious bedrooms, separate lounge and dining area. Double lock up garage. Nagambie is just a 90 minute drive north of Melbourne with regular daily train and bus services. It is a region of wine, waterways, wetlands and wildlife. The Lake is very popular and plays host to a variety of water sports including rowing regattas. It is a popular tourist destination and is a town on the move, with plenty of new construction happening. Prospective buyer will appreciate long lease period remaining...20 years.

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