Hotel business for sale in Knox VIC
- Knox VIC
- $1,495,000 (GST na)
Well known independent hotel in Melbourne's southeast
This hotel is located between two industrial parks & close to a major shopping centre.
Generating over $1m per year with high net profit margins and low operating overhead
The current owner has been operating for over 8 years and selling due to retirement
Premises have over 34 rooms, long, secure 24 year lease with attractive rent
Modern dining and conference facilities
All rooms are in excellent condition and no need to spend money on renovation.
Vendor expecting a reasonable $1,700,000