Overview
- Updated On:
- February 13, 2024
- 32 Bedrooms
- 6,000 m2
OzCapital Exclusive Giant Size Motel is Newly Listed
Bendigo Motel is on sale
This commercial property is located in Bendigo, the fabulous city in Victoria, 150 kilometers(1.5 hours drive) away from the CBD of Melbourne. The city was built during Gold Rush and it is a check-in destination nowadays. The property is located in the center of Bendigo, covering an area of about 6,000 square meters and a construction area of 3,000 square meters, including 32 rooms, kitchen, restaurant, swimming pool, outdoor barbecue, etc. The large parking lot can even accommodate large passenger cars. The current annual rent is about 120,000 Australian dollars. The property is strategically located, close to shopping centers, only 10 minutes by bus to Bendigo Art Gallery, Golden Dragon Museum, and other attractions. There is still a large area of vacant land in front of the property which is able to build residential houses (Subject to Council Approval). Currently, the tenant’s lease for the hotel business has two more years to expire. Owner of the property at that time can choose either keep renting it or take the business by him/herself. It’s pretty much like getting a hotel business for no extra cost. Ideal for smart buyers who want a risk-free rental return or who want to run a motel business. This property can be purchased by overseas buyer and can provide loan guarantee. The price is only 3.85 million Australian dollars!
View Property on Realestate.com.au
