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Priced to sell. Motivated Vendors.
Easy to operate strong performing Leasehold Motel with continued and consistent growth across the business.
With Kyabram's accommodation businesses currently booming due to the accommodation overflow from the increasing number of sporting and other events being held in the Shepparton region, this is an excellent opportunity to enter the accommodation industry for the owner/operator.
Well presented 14 room Motel, located in the lovely Victorian country town of Kyabram has recently undergone renovations and improvements across its rooms and facilities. Offering a diverse range of well-appointed suites to suit the corporate traveller, tradespeople, families, grey nomads and passing tourists.
Also featuring a private relaxing BBQ and picnic area, new signage, fully equipped reception area, well-maintained grounds and a comfortable 3 bedroom family residence.
* Buyers Yield of approx. 31%
* Excellent Lease terms with rent at 20% of Turnover
* Long Lease to 2046
* Strong and continued growth across revenue & profitability
* 3 bedroom family residence
* Many improvements and renovations across rooms and facilities
* Ample guest parking
A must to inspect. Contact Ian McDonald at CRE Brokers on 0408 217 734