Motel business for sale in Mildura
- 145 Deakin Avenue Mildura VIC 3500
- $499,000 (GST na)
Long lease, nothing to spend and a massive 34% return in heart of Mildura
You will not find a better buy than this centrally located Motel in the current market. Our Vendors have reduced their price and are offering buyers an incredible 34% return on investment. This well presented Leasehold Motel is located in the heart of Mildura and is walking distance to retails shops, major clubs and anything else that guests may require. Some of the key features of this Motel include:
- Recent renovations include 4 deluxe rooms completed, $30,000 in landscaping, rear stairs replaced and painting as required.
- Every bed in the Motel has been replaced since Vendors took over and other improvements including a new website
- The Motel also has a 70 seat function room that is not in use which would allow new owners to attract large groups or conferences.
This really is a solid Motel with a good long lease and excellent walk in and repeat clientele. 22 units with nothing to spend and untapped potential really does give new owners a chance to take this Motel to the next level.