Motel Business + Freehold Land with Development Permit in Regional Victoria

Well-known motel located two hours' drive from the Melbourne CBD and located in one of the fastest growing towns in Victoria.

A number of multi-million dollars infrastructure, commercial and industrial developments scheduled to be built in the next few years within a 20 km radius.

Total land space over 23,000 sqm and permitted to build more accommodation rooms, 110-place child care facility and other commercial building facilities.

Premise has over 48 accommodation rooms, dining area, gym and located near leading services hub.

Victorian state government scheduled to spend over $220m in services facility developments and create hundreds of new jobs close to the business, a long term positive development for the business and property.

Despite Covid, the accommodation business consistently generates strong profit.

Annual rent is $260,000 + GST

Opportunity to purchase the motel business plus development approval of the freehold land for $16,000,000 or option to buy the motel business only for $3,100,000.