Probably the best location in Holbrook only several hundred metres from a new Caltex service centre, just off the busy Hume Freeway a major traffic generator.
A sublet licensed restaurant adds value to the operator. While a convenience for motel guests, it is also popular with locals and other travellers as an important part of Holbrook’s eating establishments.
All 10 motel rooms and 2 self- contained units are air conditioned and equipped with flat screen TV’s, free WiFi & DVD player as well as a toaster, tea making facilities, hair dryer & toiletries.
The motel is only a 5 minute walk to the Woolpack Inn Museum. The Miniature railway, the renowned HMAS Otway Submarine & the Holbrook Submarine Museum is a further 2 minute drive away
The motel has been extensively refurbished. Forming part of the motel are 2 squash courts currently not used but can be easily converted into more units or a residence
The motel has a combination of single rooms, queen & family rooms as well as specially equipped units for guest travelling with pets
Room rates start from $95.00 night, with a full range of meal services available.
Occupancy is in the high 80’s with forward bookings up to December 2018
A must to inspect to realise the potential for further growth & opportunity.
Asking: $400,000. Lease Term 22 years
Rental $55,222 plus outgoings less restaurant sublet contribution of $16,724.
Enquiries: Neville Harvey 0408 694132, Peter Campbell 0412 694069
All information contained in this website has been supplied to us by the vendors for the use of intending purchasers, and has not been verified by this office. Potential purchasers should therefore make their own enquiries, and seek professional advice. Since prices for businesses can vary, the latest information should always be sought.All inspections must be arranged via our office.