Motel business for sale in Corryong
- Corryong VIC 3707
- $450,000 (GST na)
Motel & Restaurant Business, Corryong
Circa 1880's this beautifully restored building houses the iconic Riley's Restaurant plus a circa 1980's 9 ground floor well- appointed motel rooms plus a private 3 bedroom residence. All conveniently located in quiet low maintenance grounds, and an easy walk to main street shops and schools. The restaurant, in particular, attracts local clients, corporate customers and travellers, and has ample parking. This is a genuine multi- income stream business in a very desirable location.
Corryong is a major regional centre about 120Km East of Albury Wodonga at the junction of the Murray Valley Highway and Alpine Way. Tourist pursuits include hang gliding, paragliding, cycling, bush walking, horse riding, rafting, rock climbing, 4WDing and fishing.
Asking $450,000 new 25 years Lease. $80,000 rental p.a. + GST + outgoings
Freehold & Business $1,750,000
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