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      Accommodation & Tourism business for sale in Balnarring

      • Accommodation & Tourism
      • 3055 Frankston Flinders Road Balnarring VIC 3926
      • Auction 25/7/2018 @ 1.00pm

      Sold - 1p4093m

      Balnarring Village Motor Inn is situated in a prime position on the Southern side of the Mornington Peninsula inbetween Hastings and Flinders.

      This freehold motel is to be sold by Public Auction with vacant possession as a Going Concern motel.

      The motel offers 16 accommodation rooms (including 5 x 2 bedroom units), a 3 bedroom residence on a substantial Commercial 1 zoned site of about 2,747m2

      The motel business has a consistent yearly trade peaking in the summer months and allowing owners to enjoy winter holidays. The annual occupancy rate is around 58%

      The motel also features a large 3 bedroom, 2 bathroom owner's residence. There is ample off road parking suitable for coaches, trucks and trailers in addition to the usual guest cars.

      An outstanding opportunity as a motel with development upside
      • 16 unit (including 5x 2 bedroom units)
      • Turnover for FYE 2018 is expected to be circa $500,000 ex GST
      • Annual occupancy approximately 58%
      • Land Area 2,747 m2 (Approx.)
      • Zoned Commercial 1Commercial 1 (CZ1)
      • Easily managed

      Auction Venue: Dingley International Hotel
      334 Boundary Road, Dingley

      Business Highlights

      Floor Area

      1m²

      Business ID

      2014452407

      Last updated

      30 Jul 2018

      Category

      Accommodation & Tourism, Motel

      Map for 3055 Frankston Flinders Road Balnarring VIC 3926

      3 Fairborne Way Keysborough VIC 3173

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