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


Medical | Hotel/Leisure

This large brick commercial building is in a semi-central location on a generous corner block of approximately 1824.8m2 in a residentially zoned area. The property has two road frontages with two access points and bitumen parking for up to 23 cars, 1 of which is disabled. The building includes a large, fully enclosed reception area with glass security panels and 23 separate rooms, 6 of which include sinks and all varying in size. There are 5 separate toilet facilities, including 1 disabled toilet, as well as a utility room with power board, gas hot water service and basin. The building is carpeted throughout and features lots of natural light. There are two single rear access doors on the West side of the building and a single rear access door on the South side, which includes a security gate. An off-site monitored alarm system is also active. Previously used for doctor's consulting rooms and a Community Health Centre this property now offers a range of commercial options.
Property Code: 404583255

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Sale Price: Contact Agent    Building: 1m²    Land: 1825m²    Occupancy: Vacant



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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