Oakleigh, Victoria 3166

Motel Business Run Fully Under Management In Sought After Location. $1,250,000 (16004)

For Sale | $1,250,000

Hotel Motel Tours

This is an exciting opportunity to acquire a Motel offering affordable accommodation in Melbourne's sought after south eastern suburbs.

Strategically located on a very busy main road, the business is in extremely close proximity to Chadstone Shopping Centre, Monash University, Gipps & Holmesglen Tafe Colleges, Monash Medical Centre, and 3 Major Tournament Golf Courses. The Oakleigh Shopping and Cafe precinct is also a 10 minute stroll from the motel. Traffic passes by at an enormous rate and there is never any shortage of guests.

The motel consists of 25 rooms, a licensed onsite restaurant with seating for 40+ people, and onsite parking for 20.

Key features include:

*Taking $20,000 per week
*Affordable rent at $4,235 per week
*Long lease in place
*Run fully under management
*Open 7 days per week, 9am-8pm (reception)
*Prominent high exposure location
*High occupancy rate during the Covid 19 pandemic

For more information please contact Sidney Zhu from LINK, formerly Klemms on the below:
Phone: 0409 528 406
Email: sidney.zhu@linkbusiness.com.au

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Business Snapshot

Price: $1,250,000 Lease Options: 12+6 (commenced 2018)

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Sidney Zhu

LINK, formerly Klemms

Overview

This Hotel Business is one of 47 businesses for sale in Mulgrave, Victoria, and one of 6 Hotel Businesses in this region that a business for sale currently has on offer. This Hotel Business is for sale in Mulgrave for the asking price of $1,250,000 and has been on market for less than 3 months.