- Don’t miss your opportunity to purchase this piece of paradise.
- 40 ground level units with lake and ocean views.
- Large restaurant currently being used to serve continental breakfast only.
- Large commercial kitchen not being used at all.
- Fantastic exposure to the Princes Hwy on the western approach to Lakes.
- Only motel in town with a view across Bass Straight.
- Already subdivided into 6 titled blocks of varying sizes that showcase 180-degree ocean views.
- There is the opportunity to sub-divide land (STCA) at the rear of the motel and pick up $1.5m with four blocks at $385,000 each. Netting the buyer a minimum 15.5% ROI.
Net Profit: $424,039 for 2022/23 as provided by vendor.
Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2516MF (quote when enquiring)
Property Code: 4876
