ResortBrokers is delighted to bring to market the leasehold interest of The Esplanade Motel, a remarkable property in burgeoning Warners Bay. This premium waterfront property offers a secure 25-year lease for a 25-key motel, featuring fully renovated rooms with stunning coastal vibes, water views and versatile room configurations.
Not only a visual delight but also a financial powerhouse, achieving significant year-on-year growth in Revenue, Revpar and Revpor, culminating in a net profit of over $508k, reflecting its financial strength.
The motel also features a stunning three-bedroom owner/manager residence, which is currently rented out, adding an additional income stream for the incoming operator along with subleases in place for a restaurant and cafe operator, ensuring a steady flow of income.
This premier Motel requires no additional spending making it ideal for a working couple, first-timers to the industry or for experienced operators seeking to expand their portfolio.
Act swiftly to secure this exceptional turnkey business showing year on year growth in a premier location!
- Secure 25-year lease for 25-key motel
- Prime waterfront location with high desirability
- Increased revenue last financial year ($1.43M) with a net profit of $508,477
- Fully renovated rooms with stunning coastal vibes and lake views
- Renovated three-bedroom owner/manager's residence
- Highly rated on TripAdvisor (4.5/5), Booking.com (8.5/10), and Expedia (8.8/10)
- Restaurant sublease includes a 3x3-year option, covering all outgoings plus 20% of land tax, rates, and water
- Cafe sublease includes 5x5x5 year options plus 15% of land tax
- Opportunity for further growth in occupancy and revenue
- Inspections are by appointment only
