Sitting right on the corridor of commercial and industrial endeavours, Lamplighter Motel offers immediate access to an excellent income plus the potential to make more under your business model.
The business operates at two street addresses: one as a traditional 25 room motel in Oakleigh; the other close to the Monash University consisting of seven self-contained apartments.
Over the inventory of 25 rooms there's a healthy average yearly sales of $33,500 per room.
City motels do not come on the market often. Here is a rare opportunity.
Net profit $320,685 for 2018/19
Contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2105ML (quote when enquiring)
Location: Situated in Oakleigh, in the leafy eastern suburbs of Melbourne, the Motel is located only a short distance away from Monash University, Monash Medical Center, and Metropolitan and Huntingdale Golf Course, Caulfield & Sandown Racecourses, Restaurants, Chadstone Shopping Center, Albert Park and AFL Park Apartments. Not to mention Melbourne's CBD. The suburb has a thriving shopping district with an abundance of butchers, bakeries, beauty salons, and specialty shops selling sweets. There are also multiple laneways with Greek-themed cafés that specialise in cafe frappe.
Melbourne is a creative, exciting, ever-changing city with extraordinary surprises to be discovered in every basement, rooftop and laneway. You just have to be curious enough to venture off the beaten path.
Property Code: 3187
For more details, please email agent