Long Lease - Melbourne Fringe!
Long Lease - Melbourne Fringe!
Long Lease - Melbourne Fringe!
Long Lease - Melbourne Fringe!
Long Lease - Melbourne Fringe!
Long Lease - Melbourne Fringe!
Long Lease - Melbourne Fringe!
Long Lease - Melbourne Fringe!
Long Lease - Melbourne Fringe!

Long Lease - Melbourne Fringe!

$630,000Sold

This is a fantastic opportunity to secure a corporate motel located in Warragul, a booming fringe city of Melbourne. Given the strength in the local economy and its proximity to Melbourne, this one is not to be missed.

Key Features

  • AAA 3 ½ star rated.
  • 19 rooms.
  • Long lease - 27 years remaining.
  • Very reasonable rent - 20% of income.
  • Corporate motel with solid occupancy.
  • Currently run under management with opportunity to improve under owner operators.
  • 60 minutes’ drive from Melbourne CBD.
  • Warragul’s population is predicted to more than double by 2036.

NB: Property inspections are by appointment only

Key Details

Listing Ref: LH003775
Property Type: Motel
Region: VIC - Gippsland
Suburb: Warragul
Sale Type: Leasehold
Price: $630,000

Location

Listing Agent(s)