Motel, Villas & Apartments-Extensive Freehold ABM ID #1851

  • Motel, Villas & Apartments-Extensive Freehold ABM ID #1851
Extensive Freehold Opportunity located in Lorne. 
This sale comprises of 12 freehold titles.
The motel has 12 studio & 1 bedroom apartments, each with allocated parking.
The motel features 2 residences; the 3 bedroom manager’s apartment includes the reception office, motel laundry/storage and a double lock-up garage. The second residence is a 2 bedroom apartment with one allocated car park. The motel is stylish & comfortable and was completely rebuilt in 2003 by the current owners.
The 4 Star Villas feature 4X2 bedroom apartments that are fully self-contained and all have ocean views.  
The business has its own excellent website and features on many of the major accommodation and tourism websites such as Wotif and Tripadvisor.
All properties are only a minute’s walk to boutique shops, restaurants, cafes, the local cinema and are approximately 200 metres from the beach
This is a true lifestyle opportunity and presents as an excellent family or partnership business. It is currently run by the owners but could be run under management with staffing levels adjusted accordingly.
In addition to the above you can purchase 6 retail shops in the main street of Lorne. POA
Comprehensive financial information is available to buyers on completion of a Confidentiality Agreement.
SELL $8 million
ABM ID #1851

Market Conditions & CompetitionN/A

Financial SummaryN/A

Training & SupportN/A

Reason for SellingWanting to retire

Location City: LorneState: Victoria Category Hotel/Motel/Accommodation
Tourism, Leisure & Entertainment

Weekly RevenueN/A Monthly RevenueN/A Annual RevenueN/A

Contact PersonSimon Johnson Price$8,000,000 Year EstablishedN/A

Phone07 3106 3811 Cashflow$N/A EmployeesN/A

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