Ocean Views Motel, 3300 Princes Highway,
Lakes Entrance, VIC 3909
Hotel, Motel & Leisure
Price information
Sale
Freehold Going Concern - POA
Key property information
Land area
Floor area
Tenure type
Private inspections
to arrange a private inspection.
Map of Ocean Views Motel, 3300 Princes Highway
Bus stops within 5 km of Ocean Views Motel, 3300 Princes Highway, Lakes Entrance, VIC 3909 Distance George Bass Motor Inn/Princes Hwy (Kalimna) 91 m Lookout Rd/Princes Hwy (Kalimna) 98 m Howletts Rd/Hazel Rd (Kalimna) 207 m Hazel Rd/Point Rd (Kalimna) 608 m 12 Laughtons Rd 726 m POWERED BY HERE ©
POWERED BY HERE ©
UNDER CONTRACT - Ocean Views Motel, Lakes Entrance VIC - 1P0297
Presenting a terrific VIC freehold motel with opportunity to further sub-divide or expand on with potential to add caravan vans, units or develop more villas.
Key Features:
* 40 x well-presented single level rooms + in-ground swimming pool.
* 100 seat restaurant with fully equipped commercial kitchen – Restaurant not
currently in use.
* In-house commercial laundry with 3 large commercial washers and dryers
(does full cleaning in-house, full motel linen clean in approx. 4 hours).
* Motel had been leased for 20 years, current owners for past 2 years.
* 2021-22 Occupancy 34.3%, 2022-2023 Occupancy 49.3%.
* Average occupancy for the Lakes Entrance region is approx. 60% - room to
improve here.
* All plumbing checked and repaired, tiles changed in 10 bathrooms, new
carpets in 39 rooms, new switch board.
* Large land holding area of approx. 7,432m2 of GRZ1 Zoned land.
* Total rates = $6493.50 per annum spread over 6 x titles.
* Coach group and in-house breakfast not yet in operation but in high demand.
A fantastic opportunity to reap the rewards in this regional Victoria tourist town just approx. 3 hours from Melbourne.
Presenting an almost 10% yield.
All appointments by prior arrangements only.
Contact Kamal Sharma direct at MHB for more information.
Key Features:
* 40 x well-presented single level rooms + in-ground swimming pool.
* 100 seat restaurant with fully equipped commercial kitchen – Restaurant not
currently in use.
* In-house commercial laundry with 3 large commercial washers and dryers
(does full cleaning in-house, full motel linen clean in approx. 4 hours).
* Motel had been leased for 20 years, current owners for past 2 years.
* 2021-22 Occupancy 34.3%, 2022-2023 Occupancy 49.3%.
* Average occupancy for the Lakes Entrance region is approx. 60% - room to
improve here.
* All plumbing checked and repaired, tiles changed in 10 bathrooms, new
carpets in 39 rooms, new switch board.
* Large land holding area of approx. 7,432m2 of GRZ1 Zoned land.
* Total rates = $6493.50 per annum spread over 6 x titles.
* Coach group and in-house breakfast not yet in operation but in high demand.
A fantastic opportunity to reap the rewards in this regional Victoria tourist town just approx. 3 hours from Melbourne.
Presenting an almost 10% yield.
All appointments by prior arrangements only.
Contact Kamal Sharma direct at MHB for more information.
Additional information
External websites
Property ID: 504610012Last Updated: 14 Aug 2024
0417 008 6...![realcommercial.com.au logo](/listing-ui-assets/img/rca-logomark.svg)
Ocean Views Motel, 3300 Princes Highway
Lakes Entrance, VIC 3909
McDonald Hospitality Brokers - ALBURY466 Swift Street
ALBURY, NSW 2640
ALBURY, NSW 2640
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