Listing ID: 642
This is a very smart investment for a couple or family seeking a perfectly positioned hospitality business plus an outstanding lifestyle.
The Glenelg Inn Hotel Motel sits on the glorious Glenelg River, in the main street of Casterton in South West Victoria. For those who love trivia, Casterton was the birthplace of the Kelpie dog breed.
Close to Mt Gambier, Hamilton and Portland - and just 90 minutes from the Grampians - it's no wonder this established business benefits from the many tourists passing through the area.
The Glenelg Inn has everything in place to accommodate and entertain its guests, with 8 ground floor motel units, each with dedicated car parking spaces.
Boosting business revenue further are the busy bar and bistro, private function room and bottle shop.
An excellent bonus here is a private residence for the owner, comprising 4 bedrooms, 2 bathrooms, office, lounge and small kitchenette.
At a glance:
• Excellent 17 year lease to run with rent at 7.5% of turnover
• Good margins being delivered from $13,000 p/w (excl GST)
• Great price for established hotel lease and business
This lovely hotel has all the elements in place for success, and offers a great place for family living or someone looking for a lifestyle/environment with strong community links.
Casterton, Victoria 3311