Internal Ref: 1P0501
Summary
Fantastic Leasehold Hotel Motel Opportunity in Victoria`s High Country. Key Features: * Extended 21 x year lease with rent @ 6.5% of turnover * Highly profitable 12 motel units showing +15% oc...
Location Details
Towong Road
About the Business
Fantastic Leasehold Hotel Motel Opportunity in Victoria`s High Country.
Key Features:
* Extended 21 x year lease with rent @ 6.5% of turnover
* Highly profitable 12 motel units showing +15% occupancy growth since 2022
* Current motel occupancy 2025 YTD = 74% with room for further growth
* Motel accommodation a standout across rental outgoings and sales revenue
* Favourable revenue department split of 19% accommodation, 38% beverage
& 43% food
* Outstanding annual revenue of approx. $1.9M Circa 2024
* Extensive equipment upgrades throughout
* As-new outdoor deck refreshed including upgraded new outdoor furniture
* Immaculately maintained yard and garden areas
* Large 3 x bedroom, 1 bathroom two storey residence, perfect for family living
* Home of The Man From Snowy River Bush Festival and other yearly events
* Stunning location surrounded by scenic mountains, rivers, waterfalls and
national parks
* Limited motel accommodation with only 2 other motels in Corryong with a
total of 25 rooms between them
Contact Mitch Harris, the Exclusive Agent, at MHB direct on 0437 752 893 to book an inspection.
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