CRE Brokers are pleased to be appointed as the Selling Agents for the Freehold Passive Investment sale of the Blue Whale Motor Inn & Apartments.
The Blue Whale is a large fully renovated motel on a prime piece of real estate of approx. 4372m2 Commercial 1 zoned land on the main road through Warrnambool.
The motel consists of 24 spacious rooms, with a great mix of room types to suit all guests, ranging from large self-contained 2 bedroom apartments, deluxe spa rooms and queen motel rooms. With new bathrooms in every room or apartment, reverse cycle heating and cooling, smart TV's, kids playground and BBQ area, this property has it all.
A lovely 3 bedroom residence with attached reception area, a separate commercial kitchen area for cooked breakfasts (if required) and private courtyard complete this beautiful motel.
The Blue Whale has a new 25 year lease with options until 2046, market rent of $144,000 + GST and a very consistent turnover and excellent net profits.
Motels of this quality don't come to market very often and an inspection is a must for those looking for a strong secure investment.
