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292-296 Princes Highway Corio

Great opportunity for an Investor or Developer to take advantage of a large 25 room Motel perfectly positioned on the Princes Highway. Corio Bay Motel is the first Motel from Melbourne into Geelong and is also the closest motel to Victoria's second largest Airport (Avalon). Located 9 kms from the Geelong CBD

• Long history of strong performing investment
• 25 Room Motel with outstanding exposure to Princes Hwy
• 2 bedroom on site managers residence
• Dining room & kitchen facilities
• 5 year lease from 1 August 2018 with further options
• Current income $149,092 + GST + outgoings
• Potential to add further rooms (STCA)
• Dual street access with excellent onsite car parking

Land Size: 2,323m2

Conveniently located minutes from a major shopping centre, popular colleges, schools, and major sporting venues