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Townhouse
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for sale
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Rare 26 Key Metropolitan Melbourne Motel Leasehold | Resort Brokers ID: LH009342
Mulgrave, Melbourne
· Townhouse
Mulgrave, Melbourne · Townhouse
The Mulgrave Motel delivers a rare metropolitan Melbourne leasehold opportunity featuring 26 refurbished keys with 28 years remaining on a secure lease term. Strategically positioned between Princess Highway and Springvale Road with exposure to approximately 100,000 vehicles daily, this turnkey operation generates a 20% return on investment whilst maintaining steady occupancy and increasing average daily rates. Comprehensive renovations including all bathrooms, premium AH Beard Executive Supreme beds throughout, and fresh finishes ensure no immediate capital expenditure is required, whilst a 39.6kW solar system with battery storage substantially reduces ongoing utility costs. Unlike competitor properties heavily dependent on online travel agencies, OTA commissions represent only 31.7% of total bookings, preserving profitability and operational control. The business benefits from diverse revenue streams including corporate clients, government contracts, healthcare visitation and leisure
The Mulgrave Motel delivers a rare metropolitan Melbourne leasehold opportunity featuring 26 refurbished keys with 28 years remaining on a secure lease term. Strategically positioned between Princess Highway and Springvale Road with exposure to approximately 100,000 vehicles daily, this turnkey operation generates a 20% return on investment whilst maintaining steady occupancy and increasing average daily rates. Comprehensive renovations including all bathrooms, premium AH Beard Executive Supreme beds throughout, and fresh finishes ensure no immediate capital expenditure is required, whilst a 39.6kW solar system with battery storage substantially reduces ongoing utility costs. Unlike competitor properties heavily dependent on online travel agencies, OTA commissions represent only 31.7% of total bookings, preserving profitability and operational control. The business benefits from diverse revenue streams including corporate clients, government contracts, healthcare visitation and leisure
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