UNDER OFFER - Corryong Hotel Motel, VIC - 1P0501

Corryong VIC
Asking Price Leasehold - $175,000
Revenue
Profit
About

Fantastic Leasehold Hotel Motel Opportunity in Victoria`s High Country.

Key Features:

*  Extended 21 x year lease with rent @ 6.5% of turnover
*  Highly profitable 12 motel units showing +15% occupancy growth since 2022
*  Current motel occupancy 2025 YTD = 74% with room for further growth
*  Motel accommodation a standout across rental outgoings and sales revenue
*  Favourable revenue department split of 19% accommodation, 38% beverage
    & 43% food
*  Outstanding annual revenue of approx. $1.9M Circa 2024
*  Extensive equipment upgrades throughout
*  As-new outdoor deck refreshed including upgraded new outdoor furniture
*  Immaculately maintained yard and garden areas
*  Large 3 x bedroom, 1 bathroom two storey residence, perfect for family living
*  Home of The Man From Snowy River Bush Festival and other yearly events
*  Stunning location surrounded by scenic mountains, rivers, waterfalls and
    national parks
*  Limited motel accommodation with only 2 other motels in Corryong with a
    total of 25 rooms between them

Contact Mitch Harris, the Exclusive Agent, at MHB direct on xxxxx to book an inspection.

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Listed By: Last Updated 24 Apr 2025
Contact this seller
What's your enquiry about?
Listed By: Last Updated 24 Apr 2025