An exceptionally rare opportunity to purchase a large, freshly renovated Motel, located on the main road of Yarram.
Across approximately 3.5 acres, the property has a large care-takers home, 300 plus person function hall, cafe/general store, commercial kitchen, swimming pool and 26 fully furnished rooms.
Built in the late 60's the establishment holds alot of pride and history for the Yarram township and is a well known stop for those seeking a place to stay, including frequent bus tours, holiday guests and workers, working in the area and needing a place to stay, whilst being away from home.
A charming property with trendy retro vibe, the Motel is freshly renovated and rooms very well presented and maintained, including a glistening swimming pool for the guests to enjoy.
There is a very large private function hall, with liquor license of over 300 patrons, connected to a large bar, celler and huge commercial kitchen with a walk in cool room. The function hall is one of the only private function halls in the town and used to be very popular for weddings and large gatherings. Currently in need of a light cosmetic makeover, this could be a major driver of income for the new investors.
As well as the large function hall, the property also boasts a space which can be utilized to offer breakfast dining for guests, general store or cafe, with its own separate entrance from the main road to attract passer by and townsfolk.
Current owners are looking to retire and operate only the motel, however, the potential to unlock more revenue from the functions and cafe is huge.
The motel is frequently fully booked and running well, with no marketing being done by the current owners. The potential to grow is phenomenal.
This is truly a hidden gem that can unlock huge potential and revenue for the right investor.
Long lease secured until 2050 with very reasonable rent of $65,000 plus GST per annum for approximately 3.5 acres of property and land.
This motel for sale is well worth an inspection, so call today to arrange a time to view with the agent.
For more information and to book an inspection, contact Elle Likopoulos on 03 9566 7300.