First Time in 25 Years a Freehold and Business in Bendigo
First Time in 25 Years a Freehold and Business in Bendigo
First Time in 25 Years a Freehold and Business in Bendigo
First Time in 25 Years a Freehold and Business in Bendigo
First Time in 25 Years a Freehold and Business in Bendigo
First Time in 25 Years a Freehold and Business in Bendigo

First Time in 25 Years a Freehold and Business in Bendigo

$3,245,000 Exclusive

Bendigo Homestead Motor Inn provides 24 comfortable motel rooms with a swimming pool (salt water) and BBQ facilities. All air conditioners have been replaced with split system units, and upkeep has been maintained. The rooms have a great mix to cater for domestic, corporate and trade clientele, providing 27 car parks.
The property consists of a commercial kitchen for breakfasts, full laundry facilities and storage. The reception also provides good office space.
There is a great manager’s residence hosting three bedrooms, dining, and living space, which also shares the commercial kitchen. With a brand new roof with 72 solar panels that also reduces the overall running cost.

Key Features

  • Freehold and business to be purchased
  • Strong and maintained income and profit over the tenure
  • Held with the same owner for the last 25 years and the same couple managing for the last 9 years
  • Currently under management for the last 9 years there is further growth for an owner operator thus in return increased profits
  • Solid motel business that hosts 24 rooms (good mix), guest laundry, carparks, salt water pool and BBQ facilities
  • New roof and 72 solar panels which supports low running costs
  • Great owners/managers residence of three-bedrooms, commercial kitchen, dining and living space
  • Reception and office space

 

NB: Property inspections are by appointment only

Key Details

Listing Ref: FH005187
Property Type: Motel
Region: VIC - North
Suburb: Bendigo
Sale Type: Freehold Going Concern
Net Profit: $322,778
Price: $3,245,000

Listing Agent(s)