Address available on request,
Margaret River, WA 6285

One of the best motel style accommodation in the area for its class and the only facility that caters to the tourist bus trade.
Overall the property is very well presented and comfortably achieves a 3 ½ star rating.

Over the past 15 years the property has been run under management with the owners being passive investors.

This property/business listed price is supported by a valuation which also puts replacement cost and land value in the vicinity of $6.0M.

This freehold property and business represents an opportunity to acquire a business offering real potential in terms of operations, management and development. Occupancy rates for 09/10 averaged around 30%, which offers significant room for improvement under new ownership.

The property has been well upgraded over the past 18 months. The rooms have been repainted, with new bedding where necessary, new flat screen TV’s, internet connection and cable TV. The conference room was enlarged from 140 seats to 250 seats 18 months ago with all new furniture and the latest video equipment. The kitchen has been upgraded to cope with increased numbers.

Freehold Property and Business Details:
Area: 2.24 hectares
Location: Western Australia
Zoning: Tourism
Rating: Trading as a 3.5 star property with scope for a higher rating
Rooms: 56 recently refurbished rooms
Restaurant: 100 seats inside and 55 seats outside
Full commercial kitchen with a complete range of well maintained appliances
Conference/Function Room: 300 seats theatre style capacity, which can be divided into 2 rooms. This facility is one of the largest of its type in WA.
Cocktail Bar
Swimming Pool
Mini Golf Course
Managers flat
78 on-site car parks
Workshop
2 acres of unused land that can be utilised for 14 additional units (as stated by the local council planning dept feedback)

Opportunities
- Add to your existing hotel portfolio
- For a new owner this can be the vehicle to purchase an established hotel/motel in a prime location
- Capitalise on the unrealised potential in accommodation, MICE, weddings, meals etc
- Consideration of future alternative development options
- Consideration of strata titling the property/units

Historical performance records and additional information will be made available to seriously intending buyers.

For further information on this freehold property and business, please contact Alan Dinnie on 0417 906 2... or email alan@elliscorp.com.au or Terry Hutchings on 0428 909 198