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: $350,000. 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
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