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Sold Hotel/Leisure found in OUTER WEST (REGIONAL), VIC

COMMERCIAL PROPERTY FOR SALE WITH SUCCESSFUL ACCOMMODATION B...

Hotel/Leisure

Redwood Manor Motel Apartments is now for sale and available on a WIWO basis, which includes the COMMERCIAL FREEHOLD asset.
The property is ideally located just two blocks from Warrnambool’s central business district on Koroit Street. Redwood Manor Motel Apartments offers the ideal commercial, residential and lifestyle opportunity, all in one.
Situated on a prime 1137m2 parcel of land, the property comprises motel apartments and suites along with a spacious 3 bedroom owner’s/manager’s residence. The property has recently been fully renovations and the has with nothing to spend.
Located on the Great Ocean Road, in the largest regional city in Western Victoria, the business attracts a diverse mix of business, tourist and family clientele and delivers an excellent year round cash flow.
The property is currently owner operated by a single person, with casual staff in peak periods. Purchase and operate this business for an above average net profit or purchase the freehold and sell the lease, with excellent annual rental returns guaranteed. Alternatively new owner may wish to outsource the management and keep the profits of the business.
Enquire today, to fully appreciate the unique aspects of this high yielding property/business.

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Sale Price: $1,150,000    Building: 620m²    Land: 1137m²    Occupancy: Vacant

Suburb Summary -

Below you will find the average advertised Sale Price, Rent & Yield for this suburb.

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list on Commercial Property Guide.
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