Listing ID: 677
Where better to buy a motel than the popular tourist town of Avoca, especially if you're looking for a successful, entry level investment.
The Avoca Motel sits 45 minutes from Ballarat, and just 2 hours from Melbourne, in the Pyrenees Region of Western Victoria - home to award-winning wines and spectacular untamed scenery. Once a gold rush town, Avoca is home to many small businesses and even has its own newspaper. It's a popular stopover for travellers visiting this stunning region.
This excellent freehold investment is located at the north end of the town and comprises 12 air-conditioned, ground floor rooms with ensuites, including 2 king-sized Spa Rooms.
Surrounded by lawn and gardens on 2.5 acres, the Avoca Motel also has shaded outdoor seating, a barbecue area, laundry facilities and plenty of parking.
The Recreation Shed - or Wreck Shed - is where the motel supplies the makings of a continental breakfast for guests, and is perfect for catering to clubs and groups.
At a glance:
- Very quiet location within walking distance of the local hotel, shops and restaurants
- Current owners have installed 80 solar panels with 2 x 10kw inverters
- Great reputation in place plus excellent reviews on TripAdvisor - perfect for future bookings
The current owner has operated the business for 8 years but now needs to retire. This is an ideal business for a couple, seeking a home and income in a friendly close knit community.
Avoca, Victoria 3467