Property: Burke’s Hotel-Motel
Major Hotel-Motel in strong town adjacent to popular Lake Mulwala
Price: $3,400,000
Address: 96 Belmore Street, Yarrawonga Vic. 3730

High profile hotel-motel in rapidly growing lake resort town adjacent to Lake Mulwala and the Murray River on the Victoria/NSW border. Year round acquatic activities. Mediterranean climate. Prominent 2 storey brick hotel with 11 lettable rooms with ensuites, large front bar with pub-tab, bar lounge and bistro dining room, large function room, beer garden and attractive al fresco area, 10 motel units.

Adjoining shop leased until 2024 to high profile outlet(rent approx. $35,000pa + outgoings). Separately available for $700,000 neg. Altogether 2 titles each with 2 street frontages totalling approx 3,694 sqm in centre of town.

Hotel/motel t/o avg. In excess of $43,000pw (gst exc.)Gross profit approx. 65% $3,400,000