Geelong's Shannon Motor Inn Up For Sale
Announcement posted by Connolly Hospitality 16 Dec 2013
The Shannon Motor Inn - Shannon Avenue Geelong has been listed for sale this month with Melbourne business and property agents Connolly Hospitality.
The 18 unit motel is located around 1.5 kilometres from the Geelong city centre and close to Simonds stadium - home of the Geelong Cats Football Club. It neighbors the Great Western Hotel and sits adjacent to a Safeway supermarket and BWS drive through bottle shop.
Selling agents Connolly Hospitality are offering the motel as a leasehold business for an asking price of $735,000 plus stock at valuation. "We've had a good start to the campaign" said director Pat Connolly. "Good motel businesses in large centres are in demand - especially when they're so conveniently located and show consistent financial performance".
The nearby Parkwood Motel was offered for leasehold sale earlier this year; also through Connolly Hospitality. Smaller in size (10 rooms), it's listed price was $480,000 plus stock at valuation.
The Shannon Motor Inn is advertised for sale on Connolly Hospitality's website as well as real estate/business sales websites businessesview.com.au and realbusinesses.com.au.
Selling agents Connolly Hospitality are offering the motel as a leasehold business for an asking price of $735,000 plus stock at valuation. "We've had a good start to the campaign" said director Pat Connolly. "Good motel businesses in large centres are in demand - especially when they're so conveniently located and show consistent financial performance".
The nearby Parkwood Motel was offered for leasehold sale earlier this year; also through Connolly Hospitality. Smaller in size (10 rooms), it's listed price was $480,000 plus stock at valuation.
The Shannon Motor Inn is advertised for sale on Connolly Hospitality's website as well as real estate/business sales websites businessesview.com.au and realbusinesses.com.au.
For Sale: The Shannon Motor Inn, Geelong