Absolute Motel Lakes Entrance, Passive Investment
- 1P4985M

Industry:   | Listed by: CRE Brokers
Key Strengths
About this business
'Absolute Motel Lakes Entrance' can be found overlooking the famed Gippsland Lakes in Kalimna (Lakes Entrance) Victoria.
This oustanding Motel is a single level structure that offers a reception, manager's 2 bedroom apartment, a restaurant, guest swimming pool, BBQ, laundry, on site car parking and Forty (40) accommodation units of varying configurations and bedding options, including studio spa rooms and 1 & 2 bedroom units.
Developed on prominent site of about 7,432m2 having a large exposed frontage to Princes Highway. The land is zoned for General Residential Schedule 1 purposes and offers significant future development potential.
The property is located next to a hotel and adjacent to the Lakes Entrance visitor's lookout which provides panoramic coast and lake views. The motel property is leased and the current passing rent is $176,882.51 P.A. + GST and usual outgoings.
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Business Name / Ref #:
Contact Advertiser
Location:
Princes Highway 3300
Kalimna
VIC
3909
Australia
Asking Price:
$1,500,000
Revenue:
Year Established:
No.of Employees:
-
Gross Profit:
Fixtures:
Stock:
Lease:
Trading Hours:
Website:
Contact Details:
0438 37.....
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Advertiser Details

Specialist business & property agents & valuers dedicated to the tourism & leisure sector
Location: 5 Jarrah Drive
Braeside, Victoria
3195, Australia

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Absolute Motel Lakes Entrance, Passive Investment - 1P4985M ListingImage
About this business
'Absolute Motel Lakes Entrance' can be found overlooking the famed Gippsland Lakes in Kalimna (Lakes Entrance) Victoria.
This oustanding Motel is a single level structure that offers a reception, manager's 2 bedroom apartment, a restaurant, guest swimming pool, BBQ, laundry, on site car parking and Forty (40) accommodation units of varying configurations and bedding options, including studio spa rooms and 1 & 2 bedroom units.
Developed on prominent site of about 7,432m2 having a large exposed frontage to Princes Highway. The land is zoned for General Residential Schedule 1 purposes and offers significant future development potential.
The property is located next to a hotel and adjacent to the Lakes Entrance visitor's lookout which provides panoramic coast and lake views. The motel property is leased and the current passing rent is $176,882.51 P.A. + GST and usual outgoings.

Revenue:

Year Established:

No.of Employees:-

Gross Profit:

Fixtures:

Stock:

Lease:

Trading Hours:

Website:

$1,500,000

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