Sold
Motel · Glenelg · LH008359
ResortBrokers is delighted to bring to market for the first time in almost 30 years, the Leasehold interest of the Atlantic Tower Motor Inn, a longstanding 36-room motel with a solid reputation situated in South Australia’s favourite tourist beach city, Glenelg.
TURNKEY LEASHOLD OPPORTUNITY, EASE OF OPERATION, RUN REMOTELY
ResortBrokers is delighted to bring to market for the first time in almost 30 years, the Leasehold interest of the Atlantic Tower Motor Inn, a longstanding 36-room motel with a solid reputation situated in South Australia’s favourite tourist beach city, Glenelg. This is a true turnkey opportunity; ease of operation is a main drawcard for this business. The motel is currently operated remotely with contactless self-check-in. Housekeepers, maintenance staff and a team of virtual assistants are in place making it perfect for owner operators or equally suited for investors to utilise the current systems in place that enable it to be run with minimal workload for owners. It has shown consistent trading performance and an average net profit over the last three years circa $384k. This is an exceptional opportunity for savvy buyers looking to step into a successful and established business in the heart of enviable beachside Glenelg.
- Net profit
- $367K
- Asking Contact Agent
- Status
- Sold
The business at a glance.
- Strategically positioned 10 minutes from airport, 20 minutes from CBD
- Multiple accolades with five industry awards and over 700 five-star reviews
- Secure investment with 19 years of lease tenure remaining
- Prime beachfront location, 300 metres from Glenelg Beach
- Efficient self-service check-in kiosk at the entrance
- Ocean or City Views from private balconies in rooms
- Inspection by appointment only
The asset, the manager unit, the location.
Glenelg, SA
Glenelg, 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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