Bamboo Motor Inn – Lakes Entrance, VIC

Description

VICTORIA’S PREMIER COASTAL TOURISM DESTINATION – ABSOLUTE WATERFRONT FREEHOLD GOING CONCERN MOTEL OPPORTUNITY

Positioned directly on the iconic Esplanade overlooking the stunning Cunningham Arm waterfront, Bamboo Motor Inn presents an exceptional opportunity to secure a fully renovated, high-performing coastal accommodation business together with valuable freehold real estate in one of Victoria’s most tightly held tourism markets. This is more than just a motel acquisition – it is a premium lifestyle and investment opportunity offering strong trading performance, established reputation, and outstanding long-term capital growth.

BUSINESS HIGHLIGHTS:

• Absolute marina-front position
• Landmark location in the heart of Lakes Entrance
• Approx. 1,500 sqm landholding (more or less)
• Approximately 4 hours’ drive from Melbourne
• Strong year-round tourism demand
• Fully renovated accommodation
• Strong repeat clientele and online presence
• Easy-to-operate motel business
• Excellent long-term growth potential

PROPERTY HIGHLIGHTS:

• 18 beautifully appointed guest rooms
• Spacious 2-bedroom owner’s residence
• Ensuite accommodation throughout
• Ample onsite parking
• Complimentary Wi-Fi
• BBQ and recreation area – Air-conditioning in all rooms
• Flat-screen TVs, Mini-fridges, Tea & Coffee facilities
• Average Occupancy: 74.7% – Average Room Rate: $137
• Quarterly Revenue: $159,196 – Projected Annual Revenue: Approx. $630,000 p.a.

Ideally positioned opposite the marina and waterfront promenade, Bamboo Motor Inn is within walking distance to cruise boat terminals, cafes and restaurants, retail shopping precinct, tourist attractions & foreshore activities.

 An attractive option exists for investors seeking passive income and long-term asset growth. Potential to retain ownership of the freehold, lease the motor business to an operator, & generate attractive rental returns. Based on current trading performance, the property may achieve an estimated rental yield of approximately in range of 6% to 6.5% p.a. approximately.

Contact: Kamal Sharma, Mel Business Brokers

Phone: 0420 452 327 Email: [email protected]

PRICE: $ 3,200,000