56 Ryley Street Wangaratta VIC 3677
- Hotel / Leisure
- For Sale, $5,500,000 + SAV
SUBSTANTIAL NORTH-EAST VICTORIAN FREEHOLD MOTEL OFFERING 15.5% ROI. | Resort Brokers ID : FH005754
ResortBrokers are excited to present to the market the freehold and business interest to this substantial motel situated in Wangaratta, Victoria. The vendors have owned and operated the motel since 1982 and have made the decision to retire from the industry and are marketing the motel at a 15.5% return on investment. This motel comprises a double storey, multi-building 38-unit motel with a ground floor managers residence reception, commercial kitchen, conference room and laundry whilst offering an inground swimming pool, gardens, driveways and ample parking.
- Offered at an outstanding 15.5% ROI
- Substantial 38 unit motel and apartment freehold and business.
- Currently operated under management.
- Spacious recently renovated managers residence
- History of profitable operation. Non branded independent operation
- Would also suit an owner/operator or an investor seeking to on-sell the business to a lessee.
- Property inspections are by appointment only
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|Last updated||4 Jul 2019|