Address available on request,
Lakes Entrance, VIC 3909
Hotel, Motel & Leisure
Price information
Sale
FREEHOLD $4,250,000
Key property information
Land area
Floor area
NABERS
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SHOWCASING THE BEST THE COAST HAS TO OFFER - 2516MF
- 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: 4877
- 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: 4877
Additional information
External websites
Property ID: 504534436Last Updated: 9 Apr 2024
04330919...
Address available on request
Lakes Entrance, VIC 3909
Tourism Brokers - NSW, QLD, VIC & TASCentralised Administration: 32 Lamorna Ave
BEECROFT, NSW 2119
BEECROFT, NSW 2119
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Address available on request,Lakes Entrance, VIC 3909 7400 m²Hotel, Motel & Leisure • Development Sites & Land • Other
