Sold
Highly sought after beach-side location with a long term 30 year lease
On offer, a brand new 30 year lease to this well presented 23 room motel in the popular beach-side location of Robe, 334km from Adelaide on the Limestone Coast. Positioned across two separate allotments, this property has 14 well presented motel rooms and 9 self contained apartments. Meeting the needs of all travellers, room configurations include twin, queen, family rooms and 2 and 3 bedroom self contained apartments. With a strong mix of both leisure and corporate travellers, the property enjoys repeat clientele. Currently running at 52.3% occupancy for the last 7 months despite ongoing border closures. Other facilities include swimming pool which has recently been resprayed and sealed and spa, guest laundry, BBQ area. The owners have continued to refurbish the motel with all bathrooms renovated, new curtains/blinds throughout the motel and apartments, internal painting and new furniture throughout the apartments including beds, couches, tables and chairs. New gas hot water system throughout the motel and apartments and a solar system added. This is an outstanding lifestyle opportunity, residing in this highly desirable tourist location, with good income and room to grow for the right operator.
On offer, a brand new 30 year lease to this well presented 23 room motel in the popular beach-side location of Robe, 334km from Adelaide on the Limestone Coast. Positioned across two separate allotments, this property has 14 well presented motel rooms and 9 self contained apartments. Meeting the needs of all travellers, room configurations include twin, queen, family rooms and 2 and 3 bedroom self contained apartments. With a strong mix of both leisure and corporate travellers, the property enjoys repeat clientele. Currently running at 52.3% occupancy for the last 7 months despite ongoing border closures. Other facilities include swimming pool which has recently been resprayed and sealed and spa, guest laundry, BBQ area. The owners have continued to refurbish the motel with all bathrooms renovated, new curtains/blinds throughout the motel and apartments, internal painting and new furniture throughout the apartments including beds, couches, tables and chairs. New gas hot water system throughout the motel and apartments and a solar system added. This is an outstanding lifestyle opportunity, residing in this highly desirable tourist location, with good income and room to grow for the right operator.
- Net profit
- $140K
- Asking $460,000
- Status
- Sold
The business at a glance.
- Brand new 30 year lease (10 years + 4 x 5 year option)
- 3 bedroom manager's residence, one of the 9 apartments
- Perfectly placed for owner operators
- 14 motel rooms and 9 self-contained apartments
- Strong tourist location
- Perfect location, close to shops, cafes and supermarket
- Upside for owner operators
- Highly sought after beachside location
- Property inspections are by appointment only
The asset, the manager unit, the location.
Robe, SA
Robe, SA
Talk to the broker.
Ask about similar properties
Kelli Crouch
Senior Specialist Accommodation Broker, South Australia & Northern Territory
0410 441 750
08 8356 5057
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