PRICE REDUCED - Rochester Motel - 1P3860M
Outstanding VIC Leasehold Motel For Sale.
The only Motel in town in a thriving regional area, the Rochester Motel is a superbly presented and refurbished property.
This very profitable Motel is an excellent opportunity for an enthusiastic couple to take it to the next level. With a 26 year lease on offer, strong turnover and a diverse client base from regional business networks, passing tourists and corporate travellers, this is a genuine offering!
The Motel is perfectly located on a busy thoroughfare through town and features 15 well-appointed Motel rooms with a good range of accommodation options, ample parking for cars and trucks, Motel reception, BBQ area, in ground swimming pool, play area and a 3 bedroom manager / owner residence all set within beautifully maintained gardens.
Exciting new location for the next stage of the Victorian Silo Art Trail, with renowned Australian artist Jimmy Dvate commencing the artwork project at the end of June 2018.
Priced to meet the market this superb Motel has great potential to expand and develop existing trade from a current occupancy rate of 63% without active marketing or promotion.
The Motel has demonstrated continued growth in revenue beyond the exit of the Murray Goulburn Plant 12 months ago.
Priced to meet the market this fantastic Motel has great potential to expand and develop existing trade.
Contact Dan McDonald at CRE Brokers today to arrange an inspection, you will not be disappointed!