19 Business / Investment Property Guide - CRE Brokers
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Business / Investment Property Guide
EDITION #19
19
CRE BROKERS
Welcome to the
19th Edition of Infocus
CONNECT WITH US ON
SOCIAL MEDIA
SCAN ME
Front Cover: Crystal Brook Tourist Park Doncaster VIC (Page 7)
Inside Front Cover: Sanctuary Lakes Fauna Retreat Urangan QLD (Page 19)
The information provided herein has been supplied to Connolly Roberts Estate Connolly Roberts Estate Agents Pty Ltd and Clark Real Estate Pty Ltd
Agents Pty Ltd and Clark Real Estate Pty Ltd T/as CRE Brokers by the vendor of T/as CRE Brokers recommends that you seek independent advice and make your
the property or business. own full and proper enquiries and complete full due diligence before acting on any
information contained herein.
Whilst the information contained herein is provided in good faith, Connolly Roberts
Estate Agents Pty Ltd and Clark Real Estate Pty Ltd T/as CRE Brokers advises that Subject to any terms implied by law and which cannot be excluded Connolly
it is merely acting as messenger of the information provided by the vendors of the Roberts Estate Agents Pty Ltd and Clark Real Estate Pty Ltd T/as CRE Brokers
property and business and it does not take responsibility for any errors, omissions accepts no responsibility for any loss, damage, cost or expense incurred by you
or misrepresentations that may be found. as a result of any error, omission or misrepresentation herein.
02 www.crebrokers.com | 1300 767 802
INDEX
CAFES
05
CARAVAN PARKS
07
HOTELS
11
MANAGEMENT RIGHTS
21
MOTELS
25
Victoria NSW
Head Office Albury Office
Unit 4, 10 Lakewood Blvd, Carrum Downs VIC 3201 Suite 1A, Level 3, 429 Swift Street, Albury NSW 2640
Tel: 1300 767 802 Fax: 03 9580 3355 Tel: 02 6023 5777 Fax: 02 6023 5778
mail@crebrokers.com mail@crebrokers.com
Queensland/Northern NSW ACT
Sunshine Coast Office Canberra Office
56 Pelican Street, Peregian Beach QLD 4573 Suite 7, 142 Monaro Street, Queanbeyan NSW 2620
Tel: 07 5371 0165 Fax: 07 5335 1696 Tel: 1300 767 802 Fax: 03 9580 3355
admin@crebrokers.com mail@crebrokers.com
Business / Investment Property Guide | EDITION #19 03
Experts in Management Rights and Motel Law
For over 30 years Mahoneys has been one of Australia’s leading management right and
motels law firms.
We are a preferred supplier to the Accommodation Managers Industry and have been awarded
“Service provider of the Year” by the peak industry body (ARAMA) for the past 2 years.
Our team of industry leading lawyers regularly assist clients with:
Buying and selling accommodation businesses
Preparing and reviewing leases, licences and service agreements
Renewing and varying existing management arrangements
Assisting with remuneration reviews, disputes and other disagreements
Feel free to contact us if you want to discuss how we can help. Alternatively visit our
dedicated industry web page or subscribe to our industry focused newsletter.
Brisbane office Gold Coast office
L 18, 167 Eagle Street L 2, 235 Varsity Parade
Brisbane Qld 4000 Varsity Lakes Qld 4230
www.mahoneys.com.au p 07 3007 3777 p 07 5562 2959
Our Deals Don’t Crash!
When uncertainty and confusion reigns experience counts.
We have the staff, the backup, the systems, the contacts and the experience to ensure your
finance application is managed professionally. And if you can’t do the deal
we will tell you up front. No nasty surprises!
We settle more accommodation finance for a reason.
Call us today for a fee free experience. We communicate.
Mike Phipps Paul Grant Cameron Wicking
Director Broker Broker
0448 813 090 0448 417 754 0477 776 859
mike@mikephippsfinance.com.au paul@mikephippsfinance.com.au cameron@mikephippsfinance.com.au
Head Office 4/31 Mary Street NOOSAVILLE QLD 4566
Office. 07 5470 2194 Fax. 07 5455 6626 www.mikephippsfinance.com.au
MIKE PHIPPS FINANCE ACL (364 314)
04 www.crebrokers.com | 1300 767 802
CAFES
CAFE THYME OUT TRAFALGAR VIC
Well Established Business
■ Well located on the Princes Highway with excellent passing trade. BROKER
■ Thyme Out provides a much needed stop for locals and tourists/travellers looking for great Phil Mammolito
coffee and something nice to eat.
0438 371 094
■ Very highly rated and reviewed on Trip Advisor.
■ Offering breakfast and lunch 6 days a week and uses about 18kg coffee per week.
■ Excellent scope for increasing trade by increasing hours.
■ The cafe presents very well with a bright and modern decor, great kitchen fit out with nice FOR SALE AS A
display cabinets and recently purchased outdoor furniture yet to be installed. Leasehold Business $140,000
■ The cafe seats approximately 25 people inside and 15 people outside.
■ All the hard work is done, walk in start trading.
■ Long lease and fair market rent this cafe is not to be missed.
MALLALIEU CAFE & LIFESTYLE BOUTIQUE HAWTHORN EAST VIC
Looking for a business you can put your heart and soul into?
■ Located in a popular shopping strip in Hawthorn this ■ Seats 25 inside and 25 outside minimum (flexible layout) BROKER
business has been a family operated “love affair” business – footpath trading.
Anne Donchos
for over 12 years. ■ Equipment is 100% owned.
0414 582 224
■ Primarily a Cafe that has the support of local residents, ■ Strong long term relationships with suppliers.
regular visitors and fellow traders.
■ Long term lease in a double story building with an upstairs
■ With its Hybrid flexibility retail offering, Australian made residence comprising of 2 bedrooms, 1 bathroom,
women’s wear, accessories, homewares and foodwares, lounge, kitchen, dining, laundry and car park.
it has a constant revenue stream that enabled it to survive FOR SALE AS A
■ Beautifully maintained tropical garden setting for outside
the pandemic. Leasehold Business $145,000
dining in the courtyard.
■ Dine in or take away, has an in house produce label, food
■ Monday to Sunday trading, this business gets the high
catering in the area and is fully licensed.
foot traffic and has access to public transport.
■ 4.8 star Google review, with a strong social media presence.
Business / Investment Property Guide | EDITION #19 05
INSURANCE
ADVICE YOU CAN
trust
One of the key advantages of working with
Insurance Advisernet is the breadth of
services and experience we can provide to the
Accommodation & Hospitality Industry.
We are proud to be part of one of Australia’s
leading insurance broker networks.
WE SPECIALISE IN:
• Business Insurance
• Public Liability
• Management Rights Insurance
• Commercial Motor Insurance
• Professional Indemnity Insurance
• Cyber Insurance
• Management Liability
• All aspects of Domestic Insurance
To discuss your insurance requirements contact us :
Please call Peter Smith on 0400 486 407
or email psmith@iaa.net.au
AR No.1281397
06 www.crebrokers.com | 1300 767 802
CARAVAN PARKS
CRYSTAL BROOK TOURIST PARK EAST DONCASTER VIC
Expressions of Interest Closing 7 June 2021 @ 4pm BROKER
Kevin Connolly
■ An established caravan park catering mainly for the tourist 1 long term rental 2 bedroom residence, reception 0412 772 290
and workers short term stay market. and 3 bedroom managers residence.
■ Located in the eastern suburbs of Melbourne and ■ Two amenities buildings and commercial laundry with
approximately 25kms from Melbourne CBD via the coin operated machines.
M3 Eastern Freeway. ■ Swimming pool and wading pool-heated,
■ The property enjoys extensive frontage to busy children’s playground and jumping pillow, boules FINANCIALS
Heidelberg-Warrandyte Road and the land area is court, chess game court, guest BBQ’s, camp kitchen Turnover 2021/22 $1,434,130 (Projected)
Turnover 2020/21 COVID-19 Affected
approximately 38,910m2. and games room. Turnover 2018/19 $1,359,899
■ Operated under management. ■ Storage facilities (short and long term) for vans, trailers,
boats etc. FOR SALE AS A
■ 27 park owned cabins, 42 powered sites, 10 ensuite
Freehold Going Concern
sites, 6 powered tent sites, 5 unpowered tent sites, Expressions of Interest
TOCUMWAL TOURIST PARK TOCUMWAL NSW
Ultimate Opportunity for Work/Life Balance
■ Situated along the stunning Murray River, the Big 4 affiliated Tocumwal Tourist Park is just a BROKER
stone’s throw from the town centre, enviably the closest park to town. Steph Mannix
■ Immaculately presented, well maintained and easy to run park is ready for a motivated new 0438 028 528
owner with very reasonable rent.
■ The council leasehold business also offers a large comfortable, well maintained 3 bedroom,
2 bathroom residence with a large fully fenced private yard.
■ Tourism, workers, grey nomads and annuals bring forth a diverse clientele therefore generating
FINANCIALS
a constant year round income stream.
Turnover 2019/2020 $410,887
■ Consisting of 6 cabins, 4 motel style units, ensuite cabins and powered sites.
■ Guest BBQ areas, spacious, modern and easy to clean amenity block. FOR SALE AS A
Leasehold Business $930,000
■ An inspection will not disappoint.
Business / Investment Property Guide | EDITION #19 07
Albury/Wodonga
Two cities. Two states.
One very special destination.
Home to the winding Murray River and its waterways, an array of food,
cultural icons, contemporary museums, linkages to our migrant history
and our indigenous people.
Not just a sleepover on the way to somewhere else Albury-Wodonga is
an escape that’s a world away from everyday life.
It’s a place that reminds you to slow down and savour the little things.
A place that invites you to discover, reconnect and just be you!
Offering a country atmosphere combined with a cosmopolitan feel, rich
in history and natural beauty, the welcoming community, diverse culture,
fine dining and many attractions offer something for everyone.
Albury-Wodonga has been named one of Australia’s hottest regional
property markets, as buyers turn their attention away from major cities
and towards the country.
Hotspotting expert Terry Ryder called the border town one of Australia’s
“top five cheapies” and a regional hot spot for 2020/21 in two separate
reports recently published.
He said the joint cities’ booming infrastructure projects had helped
the area thrive through COVID-19.
Buyer’s agent Lloyd Edge said the cities had been a “popular choice for
Millennials” who were “priced out of the housing market” in Melbourne.
He said a thriving economy allowed for a food and music scene, museums,
festivals and an outdoor lifestyle valued by young buyers.
“For investors, this is an attractive place to invest because of the strong
Albury-Wodonga economy that produces approximately $7.2bn gross
regional product”.
The city’s attraction for locals and visitors lies in its exceptionally beautiful
and historic Botanic Gardens; its elegant city centre; and
its charming, peaceful location beside the Murray River.
Botanic Gardens
08 www.crebrokers.com | 1300 767 802
Murray River
Commercial Real Estate Business Broker
An exciting opportunity has become available in our Albury Office
We are looking for a dynamic Real Estate Business Broker to join our team. CRE Brokers specialises in REQUIREMENTS:
the tourism and hospitality sector throughout Australia working from our Albury Office focusing mainly on • Self starter
the accommodation sector but open to the general business broker in the surrounding areas.
• Strong communication skills
Ideal for those having had experience in the managing or operating either a hotel, motel or caravan park • Drive and strong work ethic
and looking for a new career/opportunity. • Current drivers license
You will receive the necessary training, mentorship and ongoing skills development to build your career. Apply in Strict Confidence today!
Contact Kevin Connolly 0412 772 290 or send resumes to kevin@crebrokers.com
SO
LD
MERAMIE MOTOR INN ALBURY VIC
Impressive Motor Inn Centre Of City
■ Rare opportunity to purchase 3.5 star motel in the centre of this busy regional city in southern BROKER
New South Wales on the banks of the Murray River. Phil Mammolito
■ Featuring 29 elegantly refurbished units with a good mix of configurations, in ground pool, 0438 371 094
sauna, spa, guest’s laundry facilities and a comfortable 3 bedroom managers residence.
■ Set on approximately 3378m2 General Residential Development Zone land.
■ Just a short stroll to the main business district, shopping and entertainment precinct.
■ Vacant area of land at the rear of the motel suitable for further development STCA.
FOR SALE AS A
■ Long lease with secure tenant.
Freehold Passive Investment
■ Add this to your portfolio and reap the rewards!
Business / Investment Property Guide | EDITION #19 09
TWIN CITY MOTOR INN WODONGA VIC
Terrific Leasehold Motel
30 Year Lease and very profitable. Make an Offer!
This well presented and maintained 29 room budget accommodation Motel has been rejuvenated
across the past 18 months in preparation for a new lease for the right tenant.
Priced to sell at a Buyers Yield of 34.5% with the space to negotiate on lease terms.
If you are looking for a large Leasehold Motel in a dynamic regional centre then this is the one!
HIGHLIGHTS
■ 3 bedroom private residence.
■ Excellent location just off the Hume Highway.
■ Swimming pool, BBQ area, good signage.
■ Close to local shopping, cafes, restaurants and bars.
■ Upstairs and downstairs rooms.
■ Ample off-street parking with truck parking available.
FOR SALE AS A BROKER
Leasehold Business $395,000 Steph Mannix
0438 028 528
10 www.crebrokers.com | 1300 767 802HOTELS
ALBION HOTEL MOTEL CASTLEMAINE VIC
Boutique Hotel Motel
■ Situated in a bustling town renowned for its eclectic arts ■ The hotel features large public bar, fantastic court yard, BROKER
scene, rich gold rush history, and growing reputation as dining room, commercial kitchen with cool room and Phil Mammolito
a fine food destination. cellar plus a large 3 bedroom 2 bathroom residence.
0438 371 094
■ The hotel was built in 1858 and retains period features ■ The Motel was built in 1999 and comprises 7
and old world charm. contemporary and very well appointed rooms including
■ Set on a large land allotment of 1124m2 which is zoned one disabled unit.
general residential. ■ This is an amazing opportunity to create your dream
lifestyle. FOR SALE AS A
■ Recently reopened The Albion is now trading primarily
Freehold Going Concern $1,290,000
as a motel and affords new operators the ability to grow ■ Inspections will impress.
and establish the business and themselves in an area
rich in tourism and an iconic destination.
CLUB HOTEL KANIVA VIC
Recently renovated by Selling Houses Australia
■ Positioned perfectly on a major highway between Melbourne and Adelaide, providing BROKER
a perfect stop over near the border. Dave Harris
■ Featuring a public bar with the only TAB in town, beer garden, large dining area with 0404 027 185
separate bar, drive through bottle shop and ample parking.
■ Situated on 2285.3m2 on the main street.
■ A large 5 bedroom residence with private outdoor area and storage space.
■ The hotel has had a refreshing makeover so you can move in and reap the rewards. FOR SALE AS A
■ Multiple areas of income and plenty of room to expand the business. Freehold Going Concern $430,000
Business / Investment Property Guide | EDITION #19 11WHAT ARE YOUR LEASE OBLIGATIONS?
When you are in the trenches and focused on running your motel it is
easy to forget to take a step back and check your lease obligations.
? How long do you have left on your lease?
? When should your options be exercised?
? Are there redecoration works that need to be attended to?
? Do you need to provide copies of insurances or other reports to your landlord?
? Have times changed so much that it might be worth revisiting some of the lease
clauses (for example the AAA star rating)?
If you haven’t read your lease lately then we strongly suggest that you do. If there is anything at all that you
don’t understand then please ask us. A small investment of time now could save many hours – and potentially
a lot of money - in the future.
Term and options The AAA star rating system was established back in the
1950’s when the Australian Auto Clubs began assessing
The term of the lease is important to both the value of a tenant’s
accommodation on behalf of its members. This grew over time to
business and the value of the freehold owner’s investment. A lease
be a symbol of quality, and in relation to motels was used to help
which has 5 years left to run is obviously of far less value than one with
determine the repair and maintenance obligations of the tenant.
20 years left. Often a motel lease will start for a term of 25 years in total
Generally speaking, if the tenant was maintaining the star rating
(when you add in the term plus any options). Typically this will be an
to the level required, that was all they needed to do.
initial term of 5 or 10 years plus a number of 5 year options.
A few years ago the original AAA star rating system ended
Generally in commercial leases you will find that, to exercise an option,
and became Star Ratings Australia. The system was changed
the tenant must give notice to the landlord within a certain period of
significantly and now the Star Rating is determined by more than
time. If the option period is not exercised within the time frame and in
200 criteria and reflects the cleanliness, quality and condition
the manner specified in the lease then the tenant will lose the right to
of guest facilities. You need to be a member of Star Ratings
exercise the option. Often motel leases are drafted differently (to help
Australia to be part of the program, and to even use the ‘star’
prevent tenants from forgetting to exercise their option), so that the
symbols (which is a licensed trademark owned by the Australian
option exercises automatically. However, it is important to understand
Tourism Industry Council (ATIC)).
that this is not the case for every motel lease. You should check yours
now and if you do have a lease which requires notice to exercise the When you first join Star Ratings Australia you will need to ensure
option then it is very important that you diarise the dates and exercise that the property is eligible to be star rated and meets the criteria.
the option strictly in accordance with the terms of the lease. When an There will be an initial inspection and then a site visit every 3
option is exercised, it is important that the extended term is registered years thereafter.
on the title.
Why is this relevant? Because Star Ratings Australia is generally
As options are exercised the remaining term of the lease decreases accepted to be the successor of AAA and if you read your lease,
and it is worthwhile considering the best time to negotiate adding more you may find that you have an obligation to:
time to the end of the lease. Often this is done by “buying” further
■ maintain a certain star rating;
years from the landlord.
■ arrange an inspection every 12 months;
■ comply with the AAA inspection report; and
Maintaining your property to a star rating ■ provide a copy of that report to the landlord.
An issue that we see frequently in older leases is the requirement It may simply not be possible to comply with these lease
to maintain the property to a certain star rating. Most leases still obligations due to the change in the system, or it may be that
refer to an old AAA star rating, and define that term as including any the star rating system is not as relevant as it used to be for your
successors of the AAA.
12 www.crebrokers.com | 1300 767 802motel (with the rise of online reviews, some guests will look to
Tripadvisor before checking the star rating). Whilst many landlords
are understanding of the changes, any incoming purchaser (and
their financier) will want to see the lease amended and updated to
ensure that they are not walking into a situation where they could
technically be in breach of the lease from day one.
Redecoration
Often, motel leases will provide that where the star rating ceases
to exist and there is no alternative rating classification scheme,
then the tenant must:
■ at reasonable times, redecorate the motel;
■ paint, repaint, recover, clean etc the interior and exterior of the
building; and
■ maintain the gardens and landscaping (which could include
restoring and replacing).
Arguably, if you have not been participating in the star ratings
system, then you should have been ensuring that redecorations
works are being attended to. Often these types of works are done
by tenants on an ad hoc basis or a rolling schedule, rather than in
one big job. It is worthwhile checking to ensure that if you have any
Author: Amy O’Donnell
such “redecoration” obligations, that you know what needs to be
done and by when. Phone: 07 3007 3725
Email: aodonnell@mahoneys.com.au
Key takeaways https://www.mahoneys.com.au/staff-member/amy-odonnell/
Find your lease, read it and understand what you should be doing
and when. If you have any questions or need clarification, do not
hesitate to ask us for assistance. We are more than happy to help
Amy is a Partner at Mahoneys and has practiced law
and it never hurts to be prepared.
for over 20 years. She is an experienced property
After your own review of the lease, you may find that it is an
lawyer who specialises in management rights,
opportune time to check in with your landlord and have a
discussion about some possible updates. This can only be done motels and commercial property.
with the agreement of both parties, however in our experience, it is
Amy is an active member of the Australian Resident
much easier to reach an amicable agreement when the goal is to
update the lease so that it serves the interests of both parties. Accommodation Managers Association (ARAMA),
This is certainly easier to do in times of peace than in the heat of the industries peak body, and was one of their
a battle arguing about who needs to do what, or with the pressure representatives on the Residential Tenancies
of a sale.
Authority Stakeholder forum.
As each lease and business situation will be different, please take
our comments as general guidance and contact Mahoneys to Amy is down to earth and spends time building
obtain timely and practical legal advice on the actual issues you genuine client relationships. She is recognised as
are facing. an industry leader who works tirelessly to deliver the
best commercial outcomes for her clients.
Business / Investment Property Guide | EDITION #19 13COLERAINE HOTEL COLERAINE VIC
Grand Old Double Storey Hotel
■ Want to own a piece of history? Then look no further. BROKER
■ As impressive as it is iconic, Coleraine Hotel was originally established circa 1920’s and has seen many Dave Harris
transformations in its time. 0404 027 185
■ Perfectly positioned in the rural centre of town, situated between the Great Ocean Road, Grampians and
Coonawarra regions.
■ The business has multiple income streams including a spacious public bar opening out to a beer garden,
drive through bottle shop, busy bistro and fully equipped commercial kitchen plus a private function room.
FOR SALE AS A
■ Guests can enjoy a choice of 7 contemporary style refurbished first floor accommodation. Leasehold Business $180,000
■ 3 bedroom managers residence complete with lounge, bathroom and kitchenette.
EXCHANGE HOTEL KERANG VIC
Fantastic Regional Hotel Opportunity
■ Sitting on 1544m2 of land, zoned Commercial 1 and ■ The first floor consists of a spacious 4 bedroom BROKER
located in the rural service centre of Kerang, boasting residence with a kitchen, lounge and bathroom, plus Dave Harris
the largest solar and battery farm in Australia. 14 hotel rooms with 3 communal bathrooms.
0404 027 185
■ This region could well be called the Lakes District ■ With current renovations and capital improvements,
of Victoria with 57 lakes, attracting many holiday- the Freehold Passive Investment is for sale with an
makers, seeking to relax and enjoy the many water- impressive 8.4% return and a long secure new 40
based recreational activities. year lease.
■ The Hotel features a large dining area with bar, public FOR SALE AS A
bar with rear beer garden, large function area and a Freehold Passive Investment $600,000
separate coffee shop and lounge.
14 www.crebrokers.com | 1300 767 802IRISH MURPHY’S BALLARAT VIC
One of Ballarat’s Premier Venues
■ Located in the city centre on historical Sturt Street proudly sits Irish Murphy’s. BROKER
■ Its impressive façade draws patrons into this tastefully Irish themed hotel. Rohan Pertzel
■ Offering a wide range of pub classic meals plus some hearty Irish fare and of course a wide selection of craft, 0438 918 919
international and local beers as well.
■ Irish Murphy’s is well known for its range of entertainment options form trivia nights, karaoke and live music.
■ Consisting of a compact public bar, excellent bistro, private upstairs function room, commercial kitchen and a
3 bedroom managers residence. FOR SALE AS A
■ Make this hotel a must inspect for those seriously looking for their dream hotel. Leasehold Business $395,000
■ Loved by locals and visitors for many years.
KILLARNEY HOTEL MOTEL KILLARNEY QLD
Beautiful Hotel and Motel
■ Located in the heart of town offering panoramic vistas of ■ There is plenty of onsite parking for large vehicles BROKER
farmland and rolling hills. and trailers. Mark Walsh
■ Constructed of timber with a new colourbond roof in 2018. ■ Act quickly to be the next owner of this famous hotel 0456 565 353
■ The bar has new air-conditioning for warmer periods and only two hours from Brisbane and enjoying a massive
a slow combustion fireplace for the cool nights. surge in both patronage and sales.
■ New coolroom refrigeration, new carpet and a new outside
FINANCIALS BROKER
bar are just a few of the recent renovations made.
Turnover 2019/2020 $1,800,642
■ Hotel accommodation located upstairs comprises 14 guest Turnover 2018/2019 $1,881,916
Peter Sagner
rooms with 3 shared bathroom facilities and a laundry. 0401 814 404
■ The modern style motel built in 2010 is situated on the FOR SALE AS A
adjoining lot and consists of 6 self-contained motel rooms. Freehold Going Concern $2,950,000
Business / Investment Property Guide | EDITION #19 15BUSINESS
INTERRUPTION
What is Business Interruption Insurance?
Despite the fact that it is often overlooked, business A recent survey by CGU Insurance found
interruption insurance can be vital to ensuring that one in four would not survive if they
your business survives during tough times. Unless had to close their doors for three months.
you have a significant amount of cash and can
afford to fund the recovery of your business, The survey also found that a quarter of small businesses
this type of insurance can help your business would have to shut down if they experienced a
rebuild to its full strength after a major event. business disruption such as a major fire or storm and
this figure jumped to 38% if the shutdown happened
Most people wouldn’t even consider opening during a busy period in the year for that business.
a business without insurance against damage
from fire or storms, so it makes sense to invest Realistically, any business interruption could be
in business interruption insurance cover as well. a major setback for a small business, particularly
in the current economic climate, where
There are so many different circumstances which can margins for many operators are already tight.
interrupt your business, and the time taken to resume
normal trading can cause significant financial damage. The first step to ensuring your small business is fully
Wages, rent and utilities still need to be paid, you may protected is to understand your risks. Consulting an
need to rebuild or even move premises, and all the insurance adviser can help you assess what insurance
while you could be losing out to your competitors. your business has, and what other covers you need to
make sure you’re protected.
Resuming your business as quickly as possible after
Contact your local Adviser, Peter Smith (AR No.
a disaster is essential, and business interruption
1275370), today for a tailored Business Interruption
insurance is the best tool available to help you
quote:
maintain your company’s financial position in
difficult circumstances. T: 0417 817 800
E: psmith@iaa.net.au
WHAT IS COVERED
loss of income relocation operating closure of continue to
costs expenses business pay staff
This material contains general information only. Your personal objectives, needs or financial situations were not taken into account
when preparing this information. You should obtain and consider the relevant PDS before making any decision to purchase this financial
product.www.insuranceadviser.net ABN: 15 003 886 687. AFSL 240549.
16 www.crebrokers.com | 1300 767 802KOOKABURRA HOTEL HALLS GAP VIC
World Renowned Grampians Region
BROKER
■ This amazing opportunity boasts one of the most breathtaking back drops in Victoria.
Rohan Pertzel
■ Perfectly located on the main street in town surrounded by a large number of accommodation businesses.
0438 918 919
■ The hotel has undergone a complete extensive renovation and features a modern stylish open plan dining
area incorporating a bar and lounge area which opens to a walled courtyard with the stunning back
mountain vistas.
■ The hotel also has a modern fully equipped commercial kitchen, office and plenty of storage space. BROKER
■ The hotel includes the only late night takeaway liquor licence on the main street and a brand new 25 year Kevin Connolly
lease available direct from the long time owner operators who wish to retire.
0412 772 290
FOR SALE AS A
Leasehold Business $575,000
LINVILLE HOTEL LINVILLE QLD
Absolutely Stunning! BROKER
■ A genuine opportunity that ticks all the boxes. Lifestyle, ■ There remains opportunity to grow the business with Mark Walsh
lovely home and great profit! minimal effort. 0456 565 353
■ Purchased by the current owners in late 2019, they ■ The original managers residence has been relocated
rapidly set about turning the hotel into the iconic on the same block of land allowing for the development
country pub it is now. of the current beer garden.
■ Immaculately renovated the hotel features a lovely ■ The result is a fully restored and private residence with
inside/outside dining area, large and well maintained three bedrooms, undercover parking, spa pool and FINANCIALS
beer garden, seven hotel rooms and a bar popular with BBQ area. Turnover 2020/2021 $850,000 (projected)
residents and tourists. ■ The hotel has become so iconic it now has its own
Net Profit 2020/2021 $300,000 (projected)
■ Trading until only 8pm weeknights, this hotel has a rare merchandise. FOR SALE AS A
ability to have a genuine lifestyle in a hospitality venue. ■ Delivering great net profit of better than 30% on turnover. Freehold Going Concern $1,450,000
Business / Investment Property Guide | EDITION #19 17MARKET HOTEL DELACOMBE VIC
Charming Regional Hotel in Ballarat Region
■ An outstanding opportunity to secure a well patronised hotel. BROKER
■ Boasting a comfortable public bar, popular bistro, separate function area, large commercial Rohan Pertzel
kitchen and excellent brand new north facing beer garden. 0438 918 919
■ 3 bedroom owner’s residence with bathroom and kitchen, as well as 4 accommodation
rooms for rentable use and further income stream.
■ With a new 25 year lease, market rent, consistently strong turnover and the opportunity
to take back over the kitchen operation, make the potential for this hotel endless.
FINANCIALS
Turnover 2019/2020 $679,393
FOR SALE AS A
Leasehold Business $350,000
ROYAL MAIL HOTEL MOOROOPNA VIC
Make Your Dreams a Reality Now
■ This historic double storey red brick hotel was originally built in 1880, with a complete refurbishment BROKER
completed circa 1990. Phil Mammolito
■ The hotel features a public bar, bottle shop, pool table, bistro, dining / function room, beer garden, 0438 371 094
good signage and ample parking for patrons.
■ The hotel also has a 4 bedroom residence on the upper level.
■ Situated close to the Goulburn River, the hotel is well supported by the locals, sporting clubs, farming
and community groups and has exposure to passing traffic on the Midland Highway.
FOR SALE AS A
■ Motivated vendors ready to meet the market! Leasehold Business $150,000
18 www.crebrokers.com | 1300 767 802WILLOW GROVE HOTEL WILLOW GROVE VIC
Only Venue in Town
■ The only hotel in town and 8 years new, this venue has been trading very well post COVID-19. BROKER
■ Charming bluestone facade with ramp access, the hotel has a fantastic fitout and is in great condition. Phil Mammolito
■ Features include polished boards and exposed beams and comprises bar, bistro, lounge, outdoor smoking 0438 371 094
area, commercial kitchen and off street parking.
■ This is a first class venue in a great regional area.
■ With a long lease, and under market rent, this is the venue you want to inspect.
■ This is a very desirable location just 1.5 hours from Melbourne and 1 hour to Mt Baw Baw and the Yarra Valley. FOR SALE AS A
Leasehold Business $129,000
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Business / Investment Property Guide | EDITION #19 19ACCOUNTANTS AND BUSINESS ADVISORS
At McAdam Siemon our mission statement is simply one word: trust. Trust is the foundation on
which our business operates. Since 1996, McAdam Siemon has been entrusted to handle the
business advisory, taxation, accounting and financial goals for a wide range of clients.
Earning the long term trust of every client is critical to achieving the strategic goals of our firm.
We achieve our mission by:
• Working closely with our clients and listening carefully to their needs
• Going beyond the call to deliver exceptional results
- tailored to our client’s needs
• Always providing proactive, prompt and professional service.
MANAGEMENT RIGHTS We provide personalised guidance on all aspects of purchasing your Management Rights including structures,
tax advice, borrowings and contracts. Upon entering a contract we can assist with a due diligence by preparing
As Specialist Business Advisors to the a Financial Verification Report, a review of all records and an evaluation of the results. After purchase we
provide a systematic approach to assisting you with the financial management of your business by providing
Accommodation Industry, we have accurate figures and management advice.
been advising clients for over 20
years in all aspects of the industry On sale of your business we manage the often complex preparation of the financial documents for sale
cycle from purchase to management purposes. Our specialised skills in this industry ensures both you and the potential purchases are fully informed
of all facets driving the success of the business. Services we provide:
and eventual sale. We service all of
QLD, NSW and Victoria • Verification Reports • Accounting • Taxation • Trust Account Audits
Sam Hodgetts CPA Peter O'Rielley FCPA
Brisbane Australia Wide Noosa Heads & Maroochydore
Sunshine Coast 07 3421 3421 07 5474 8955
lity shodgetts@mcadamsiemon.com.au
Gold Coast porielley@mcadamsiemon.com.au
s.
n the sale www.mcadamsiemona.com.au
Integrity Accountability Commerciality
• Specialist advice on Purchase Feasibility exercises including
Bank Submissions.
• Capital Gains Tax and GST Advice on the sale of your
business or property.
Call Lew Robbins
on 03 5975 1155 or email
lrobbins@robbinsandco.com.au
Having been in business for over 40
years we understand what is required
in today’s business climate. www.robbinsandco.com.au
20 www.crebrokers.com | 1300 767 802MANAGEMENT
RIGHTS
SANCTUARY LAKES FAUNA RETREAT URANGAN QLD
Unique Accommodation Experience
■ Set on about 10 acres of lawns and lakes, featuring an ■ The managers residence is a prime location waterfront BROKER
abundance of flora and fauna - birds, ducks, fish, turtles to cabin featuring a full kitchen, bathroom and deck Ronnie Slebos
name a few. overlooking one of the lakes. The reception area is on
0414 964 333
■ The electronically controlled gate to the complex ensure exclusive use and there is also a large shed for exclusive
privacy and serenity. use by the manager. Generous body corporate salary.
■ Featuring 36 double and family cabins with decks and lake FINANCIALS
views and a swimming pool, BBQ area and guest laundry.
Number of Units 36
MANAGEMENT RIGHTS
■ Just a few minutes walk to Hervey Bay’s beachfront and Number of unts in letting pool 33
the Urangan waterfront cafes, shops and Urangan Pier. Net profit full year 2019/20 $166,704 FOR SALE
Net profit half year to Dec 21 $140,567
$1,100,000
■ Heritage listed Fraser Island also helps to attract a constant of which Body Copy salary $92,000 (inc GST)
stream of visitors to the region. Unit Price $130,000
Business Price $970,000
■ Just 1.5km from the Hervey Bay whale watching terminal.
WHITE CREST LUXURY APARTMENTS TORQUAY QLD
Hervey Bay
■ Exclusive to CRE Brokers – Management Rights in ■ Post COVID-19 Hervey Bay has enjoyed soaring property BROKER
Hervey Bay - 20% ROI. prices and a high influx of local tourists from Brisbane, Ronnie Slebos
Long term agreements in place (18 years remaining which is just a few hour’s drive.
■
0414 964 333
from Feb 2021).
■ Great Body Corporate salary. FINANCIALS
Number of Units 35
■ Upgraded Managers Unit with stone-top kitchen and Number of unIts in letting pool 23
stainless steel appliances. Net profit Full year 2019 / 20 $231,651
Net profit Half year to Dec 21 $166,634 MANAGEMENT RIGHTS
■ Great location, across from a child-friendly beach and of which Body Copy salary $58,217 (inc GST) FOR SALE
surrounded by cafes and restaurants. Unit Price $470,000
$1,499,000
■ Record breaking tourism numbers in Fraser Coast Business Price $1,029,000
region for 2018.
Business / Investment Property Guide | EDITION #19 21BROKER PROFILES 22 www.crebrokers.com | 1300 767 802
Dave Harris – Business Broker VIC
0404 027 185 | dave@crebrokers.com
Based on the Mornington Peninsula, Dave is a very passionate and driven person who always strives
to achieve a positive outcome. He endeavours to take on challenging opportunities and deliver in those
situations and is a very loyal and trustworthy individual. Dave strives to form and build relationships that
will provide a positive environment.
With an extensive hospitality background of 18 years, including 7 years with CRE Brokers, he has a firm understanding
of the industry, enabling him to relate with many of the people he deals with in a professional manner.
Dave’s background includes Drama Teaching and performing, screenplay writing and playing many sports which has
enabled him to be a strong communicator. His passion is his family and he understands the value of their love and
support which provides him with a very down to earth personality.
Dave’s Recently Sold Listings
Coleraine Hotel
S O L D
Exchange Hotel Kerang Greendale Country Happy Glamper Hastings
Lake Bolac Hotel Meredith Hotel National Hotel Stawell Sakana Restaurant Daylesford
Business / Investment Property Guide | EDITION #19 23LIQUOR,
LIQUOR,
LIQUOR,
HOSPITALITY
HOSPITALITY
& TOURISM
&
LEGAL
LEGAL
TOURISM
EXPERTS
EXPERTS
LIQUOR,
LEGAL EXPERTS
Restaurants, Pubs,
Restaurants,
Restaurants,
Pubs, Hotels, HOSPITALITY
Hotels, Motels
Motels and Caravan
and Caravan Parks
Parks
make up the Pubs,
up the Hotels,
Victorian Motels and
Hospitality and Caravan Parks
Tourism Industry
Industry
make Victorian
& TOURISM
Hospitality
make up the Victorian Hospitality
Tourism
and Tourism Industry
LEGALLegal
EXPERTS
Expertadvice for sale for
andsale
purchase of: Hotels,
With a long established reputation we legal advice and purchase
With a long established reputation we Expert
Motels,legal advice
Caravan
of: Hotels, forand
Parks
Motels, salealland
Caravan purchase
Licenced
Parks and and
all
will assist you with Freehold and Leasehold of: Hotels, Motels, Caravan Parks and all
will assist
With a longyouestablished
with Freehold and Leasehold Gaming
Licenced Venues.
and Gaming Venues.
or salereputation we Expert legal advice for sale and purchase
business purchase Victoria wide. Licenced and Gaming Venues.
of: Hotels, Motels, Caravan Parks and all
business
will assistpurchase
you with or sale Victoria
Freehold wide.
and Leasehold
Restaurants,
business
› Attend topurchase Pubs,
new liquor or saleand
licences Hotels,
Victoria
gamingwide. Motels
and Caravan Parks
licences
› Attend to new liquor licences and gaming licences
Licenced and Gaming Venues.
and transfers. WHO
Hotels KNOWS WE DO
recently acted on behalf of:
make up the Victorian Hospitality and
and transfers.
›› Attend
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newPrivate Hotels Tourism
liquor licences recently acted Industry
and gaming
sales of hotels
on behalf of:
and alllicences
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› and
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& Associates have
on behalf of: extensive
licenced premises. Yarram Club Hotel
licenced premises. history
YarraminClubrepresenting
Hotel purchasers/vendors in
›› Auctions and Private
Victoria wide saleswith:
assistance of hotels and all other Sugarloaf Motel Broadford
freehold/leasehold purchase/sales, of Motels,
› licenced
Victoria wide assistance with:
premises. Sugarloaf
Yarram Motel
Club Broadford
Hotel
Hotels, Caravan
Royal Hotel Parks and Restaurants in the
Seymour
› Auction or Private Sale
›With a long
› Auction
Victoria wideor established
Private Salewith:reputation we
assistance ExpertHotel
Royal legal
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Sugarloaf advice
Seymour
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› Gaming Licences and Transfers Little
of: River Hotel
Hotels, Ensay
Motels, Caravan Parks and all
will› assist
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Auction you with and
orLicences
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Drouin
business
›
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Licences
Licences
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and
andorTransfers
and sale
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(all Licence
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applications)
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RoyalRiver
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› Compliance advice Royal Hotel Drouin
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› ›Attend
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› Victoria wide assistance with: Sugarloaf Motel Broadford
› Auction or Private Sale Royal Hotel Seymour
› Gaming Licences and Transfers Little River Hotel Ensay
Royal Hotel Drouin
› Liquor Licences and Transfers (all Licence applications)
› Compliance advice
› Sale and Purchase with liquor licences including
due diligence and negotiation of contract terms
48 Albert Street, Warragul VIC 3820 | PO Box 1330, Warragul VIC 3820 | DX 82028 Warragul
48 Albert Street, Warragul VIC 3820 | PO Box 1330, Warragul VIC 3820 | DX 82028 Warragul
p: (03) 5622 1366 f: (03) 5622 1515 e: miceal@micealambrose.com.au w: micealambrose.com.au
p:48
(03) 5622
Albert 1366
Street, f: (03) 5622
Warragul 1515| e:
VIC 3820 Box 1330, Warragul VIC 3820w:
POmiceal@micealambrose.com.au micealambrose.com.au
| DX 82028 Warragul
p: (03) 5622 1366 f: (03) 5622 1515 e: miceal@micealambrose.com.au w: micealambrose.com.au
24 www.crebrokers.com | 1300 767 802MOTELS
ADVANCE MOTEL WANGARATTA VIC
A Very Strong Performing Motel
■ Situated within walking distance to the town centre over with three good sized bedrooms and secure private BROKER
looking the beautiful Ovens River in a high performing outdoor area. Steph Mannix
regional Victoria city. Wangaratta is the biggest regional city servicing North
■
0438 028 528
■ Offering 26 units of varying configurations including a East Victoria and the entrance to Victoria’s High Country.
3 bedroom apartment with kitchen and laundry facilities, ■ Many attractions bring visitors to the area including the
deluxe spa suites and a disability access unit. rail trail, food and wine, arts, outdoor activities, annual
■ The motel features a generous sized swimming pool, BBQ festivals and events.
facilities, large grassed areas, guest laundry and plenty of FINANCIALS
■ 30% Return on Investment.
parking space. Turnover 2019/2020 $552,202
■ Inspection of this great business opportunity will not Net Profit 2019/2020 $236,233
■ The business also boasts a light filled residence disappoint!
FOR SALE AS A
Leasehold Business $750,000
MOTEL TRARALGON TRARALGON VIC
Fantastic Opportunity – 21 Room Motel
■ A rare opportunity to purchase this motel that is ■ Large commercial kitchen and 2 bedroom residence. BROKER
situated at the entrance of Traralgon on a large parcel ■ The motel has two street frontages which offers access Phil Mammolito
of land with sweeping views over the Latrobe valley. for trucks and cars with trailers. 0438 371 094
■ Offering queen, superior queen family rooms and ■ Consistent flow of tourist workers and corporates alike.
2 x 2 bedroom apartments with kitchens.
■ With a consistent turn over and healthy bottom line,
■ All rooms have off street parking, tea and coffee very fair market rent and long lease you cannot look
making facilities, air con and digital T.V. past this opportunity on offer.
■ The rooms have new bedding and linen and majority FOR SALE AS A
refurbished and repainted. Leasehold Business $310,000
■ The motel includes a large open restaurant which
is currently used as corporate function room, and
group bookings.
Business / Investment Property Guide | EDITION #19 25Experts in Management Rights and Motel Law
For over 30 years Mahoneys has been one of Australia’s leading management right and
motels law firms.
We are a preferred supplier to the Accommodation Managers Industry and have been awarded
“Service provider of the Year” by the peak industry body (ARAMA) for the past 2 years.
Our team of industry leading lawyers regularly assist clients with:
Buying and selling accommodation businesses
Preparing and reviewing leases, licences and service agreements
Renewing and varying existing management arrangements
Assisting with remuneration reviews, disputes and other disagreements
Feel free to contact us if you want to discuss how we can help. Alternatively visit our
dedicated industry web page or subscribe to our industry focused newsletter.
Brisbane office Gold Coast office
L 18, 167 Eagle Street L 2, 235 Varsity Parade
Brisbane Qld 4000 Varsity Lakes Qld 4230
www.mahoneys.com.au p 07 3007 3777 p 07 5562 2959
Integrity.
Trust.
Honesty.
That’s what we’re about.
Dedicated to property
With experience dealing in a diverse range of transaction and
non-transaction based commercial advisory and property work,
we want to guide you through the activities that you undertake in
the marketplace to achieve that optimal outcome. We listen We respond We deliver
Contact us today on 07 3221 9149 spranklinlegal.com.au
26 www.crebrokers.com | 1300 767 802NORTHPOINT MOTEL TOOWOOMBA QLD
Impeccable Near-New Motel
■ Located in a quiet area only minutes from the CBD, be your new home for many years to come and still BROKER
this motel has all the modern facilities you’d expect remain very valuable. Mark Walsh
from a motel only five years old. Low maintenance gardens, high quality fit-out and
■ 0456 565 353
■ With large TVs, auto lights and aircon, modern CCTV solar panels to reduce ongoing power costs.
and all rooms self-contained, these great rooms are in ■ Perfect for a couple or small family as Toowoomba
high demand. boasts some of Queensland’s best schools.
■ The double street access means guests can easily ■ The solid ongoing profit and loyal clientele make this
and quietly depart. FINANCIALS
is an excellent business for an astute operator.
Turnover 2019/2020 $563,618
■ A long lease tenure remains for the new buyer and
with a large modern residence, this property could FOR SALE AS A
Leasehold Business $1,000,000
SOUTHERN OCEAN MOTOR INN PORT CAMPBELL VIC
Extremely Impressive Waterfront Motel
■ Situated in the heart of the Great Ocean Road township of Port Campbell, overlooking BROKER
the magnificent Port Campbell bay, sits this outstanding 28 room motel. Rohan Pertzel
■ Boasting ocean views from many of the rooms and only a short drive to the world 0438 918 919
renowned coastal sights including the 12 Apostles, Loch Ard Gorge and London Bridge.
■ The motel has been fully renovated both inside and out, offering guests quality
accommodation in the heart of town.
■ Exceptional turnover and net profits, a large parcel of waterfront land of 5112m2 and the
potential to expand the motel through development of extra rooms on the unused land FOR SALE AS A
(STCA) make this one of the best motel sites to hit the market in recent years. Freehold Going Concern $5,500,000
Business / Investment Property Guide | EDITION #19 27Client Bulletin Apr 2021
Interest Rates. Where the hell are we?
Before we begin. If you are an eternal optimist who never lets facts and history
get in the way of your positive attitude perhaps return to Chrystal Karma Weekly
and give this little story a miss.
And now, let’s begin.
We find ourselves in a unique situation. Never before in modern times have we
seen a pandemic of the magnitude of the current Covid crisis. Of course, by
magnitude I refer to the actual damage the virus has caused as compared to the
damage the reaction to it has visited upon us. It turns out the interconnected
world has its downside.
I make the point about the pandemic being unique in the context of how
governments and central banks have attempted to deal with the economic
downside of locking up whole societies and mandating business and at times
whole economic sector closures. Leisure tourism is the obvious example. Keep in
mind the economic downside is a possible recession or even a depression. Falling
demand and productivity, high unemployment and significant bank loan defaults
are not attractive prospects.
Paul Grant. 0448 417 754
paul@mikephippsfinance.com.au
Anyway, governments have done many things, but the strategies boil down to a
Cameron Wicking. 0477 776 859 couple of pretty unsophisticated albeit tried and true options. They call it
cameron@mikephippsfinance.com.au Quantitative Easing but it’s really just printing more money and giving it to
people. I acknowledge that this is an oversimplification, but I would argue that it’s
Head Office accurate. Granted, there have been some nuances around how the money gets
4/31 Mary Street into the system but the outcome is the same. Less production and productivity in
NOOSAVILLE QLD 4566 the economy coupled to massively increased liquidity. Now throw in loan
Office. 07 5470 2194 repayment and tax payment deferrals and that massive liquidity gets a
Fax. 07 5455 6626 turbo boost.
www.mikephippsfinance.com.au
Which leads us neatly to the Quantity Theory of Money.
Stay with me people, this won’t hurt a bit.
The theory seeks to establish the link between money supply and demand. I refer
you to the well know formula MV=PY. Actually, let’s skip that and cut to the chase.
Put simply, if a government prints more money the amount of goods and services
that money can buy doesn’t change. However, consumers will have more money
to spend on those goods. At this point we arrive at too much money chasing too
few goods and we know where that leads. Come on down Inflation!! Or, in really
ugly cases hyperinflation.
fresh ideas...
MIKE PHIPPS FINANCE ACL (364 314)
28 www.crebrokers.com | 1300 767 802Client Bulletin Apr 2021
Interestingly, in every example I can find of governments printing money to prop
up a struggling economy, only the reaction to the GFC stands out as a bullet
dodged. The reason appears to be that a large number of consumers didn’t spend
the extra dough, deciding instead to pay down debt or sock the money away for
a rainy day. I hope the same behaviour will manifest itself this time around, but I
have some concerns. For starters the amount of money printing our government
has embarked on makes the GFC look like a cash flow problem at the local fish and
chip shop. Secondly, the pandemic appears to have caused a significant
proportion of our population to re-evaluate love, happiness and the meaning of
life. The upshot has been a massive property market boom combined with
significant increases in online retail demand. Interestingly real wage growth, the
single biggest contributor to inflation in “normal” times, remains subdued, albeit
replaced with the various financial interventions designed to keep the
economy afloat.
Anyway, that’s all just so much background on where we are now and where we
might go next. The bond traders are betting on higher interest rates and that’s
reflected in recent upward pressure in the 10 year bond yield curve. The Reserve
Bank have stepped into the market buying bonds in an effort to keep a cap on
rates. Only time will tell if the strategy works but it’s certain that there’s a Paul Grant. 0448 417 754
reasonable number of very clever people betting on rising interest rates being
paul@mikephippsfinance.com.au
driven by upward inflation pressure. Remember, the key tool in managing Cameron Wicking. 0477 776 859
inflation is higher interest rates. With Jobkeeper and loan repayment holidays cameron@mikephippsfinance.com.au
coming to an end we are heading toward crunch time. The government is in a
“damned if you do, damned if you don’t” situation in respect of further Head Office
economic stimulus and I wouldn’t bet against more money getting printed. 4/31 Mary Street
NOOSAVILLE QLD 4566
The bond market has already taken that bet. Office. 07 5470 2194
Fax. 07 5455 6626
Mike Phipps F Fin www.mikephippsfinance.com.au
Director | Phippsfin Pty Ltd
Fresh
Finance
Disclaimer:
Mike Phipps Finance is not a financial planner or
investment advisor. The contents of this
editorial reflect broad observations of
transactions for which the writer has been
mandated to negotiate finance. Potential
investors in management rights businesses
should conduct their own due diligence and
seek their own independent advice. Returns,
rates and equity numbers are for demonstration
purposes only. SMSF compliance is an area
requiring specialist advice and potential investors
should seek appropriate guidance from industry
professionals. TMC Pty Ltd is not an investment
advisor or licensed financial planner.
Business / Investment Property Guide | EDITION #19 29SUGARLOAF MOTEL BROADFORD VIC
Lifestyle and Income an Hour out of Melbourne
■ The motel is located on the Hume Highway and is the only motel in town. BROKER
■ Comprising of 12 motel rooms, this motel is well maintained, in excellent condition, Phil Mammolito
very easily operated and requires very little upkeep. 0438 371 094
■ All rooms have recently been updated with new pillow top beds, split system air
conditioners and have WiFi access.
■ The managers residence is spacious and features 3 bedrooms and 2 bathrooms.
■ With very strong turnover, long lease, and very affordable rent you need look no FOR SALE AS A
further, book your inspection today. Leasehold Business $580,000
U
N
D
ER
O
FF
ER
THE BEACHFRONT MOTEL APOLLO BAY VIC
Fantastic Great Ocean Road Freehold Opportunity
■ CRE Brokers are thrilled to be appointed the exclusive ■ All rooms are very spacious and have 32” LCD TV’s, BROKER
agents selling the Freehold Going Concern of The reverse cycle air conditioning, queen beds, tea and Rohan Pertzel
Beachfront Motel in Apollo Bay. coffee facilities, bar fridges, free WiFi and are all ground
0438 918 919
■ This fully refurbished motel is located on the Great floor with undercover parking.
Ocean Road, directly opposite the beach and sitting ■ A 4 bedroom residence with attached reception area
on 1374m2 of General Residential Zoned land. Perfectly complete this fantastic property.
positioned in the heart of town, with shopping, cafes, ■ Freehold motels like this don’t often come along, so be
restaurants and hotels only a short stroll away. quick to inspect this little gem. FINANCIALS
All of the motel’s 10 accommodation rooms have been Turnover 2019/2020 $260,893
■
■ For sale by expression of interest.
fully renovated and present immaculately, furnished FOR SALE AS A
with all the modern appliances any discerning guest
Freehold Going Concern
could ask for. Expressions of Interest
30 www.crebrokers.com | 1300 767 802You can also read
