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80 Bulla Road Bulla VIC 3428

  • Hotel, Motel, Pub & Leisure
  • 1 m²
  • For Sale, Leasehold $1,500,000

UNDER OFFER: The Black Horse Hotel-Motel - 1P4654H

UNDER OFFER:
Blackhorse Hotel Motel is a fully refurbished hotel and motel located within a few minutes' drive of Melbourne Tullamarine Airport to the east and in the rapidly expanding Sunbury residential growth corridor.

The hotel - motel comprises a large family bistro, children's playroom, large sports bar with TAB, well designed commercial kitchen, modern bathrooms and a drive through Bottle Shop.

The two level motel accommodation located behind the hotel offers 10 x one bedroom apartments. A current Town Planning Permit allows for these 10 apartments to be reconfigured to become 19 motel style rooms and a motel reception. The Town Planning permit also allows for an additional 22 motel rooms to be developed on this large leased site of about 4,500 m2.

The hotel has a 3 am Liquor Licence and trades 7 days a week. The hotel caters for families and features live music Friday & Saturday nights and Sunday lunch.
The already high occupancy motel can be further developed to take advantage of its closeness to Tullamarine Airport.

A large self-contained work space (with power, water and toilets) under the hotel can be further utilised or possibly subleased subject to landlord approval.

Secured by a long lease with options expiring 2042 and rent currently $216,000 pa plus GST.

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Property Highlights

Property ID2015555102
Floor Area1 m²
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityVacant
Category
Last updated  15 Apr 2020
Map for 80 Bulla Road Bulla VIC 3428
Map for 80 Bulla Road Bulla VIC 342880 Bulla  Road Bulla VIC 3428
CRE Brokers
U4/10 Lakewood Boulevard Carrum Downs VIC 3201

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