Coral Motel & Apartments
LOCATION: Port Vila
INVESTMENT SIZE: AUD$1,750,000
INVESTMENT TYPE: Sale
INDUSTRY SECTOR: Tourism/Leisure
AGE OF OPERATION: 32 years
Coral Motel & Apartments is an ideal and ‘rock solid’ lifestyle investment. Located in the independent South Pacific country of Vanuatu, Coral Motel & Apartments is being sold on a ‘walk in, walk out basis. Everything is fully functional with plenty of forward bookings, backup stock, plant & equipment.
Sitting on over half acre (2,107sqm) of prime main road & corner positioned commercial frontage and is working at a great occupancy level, with last years showing average monthly occupancy rate at over 78%.
Coral Motel & Apartments offers 10 apartments, 2 bedroom Cottage plus the Managers 1 bedroom have been freshened up with new paint, new furniture, new linen, new gas stoves, new 2 door fridges, TV’s and new curtains. All bathrooms have been fully re-build.
Foreign Investment approval for Car Rentals, Restaurants and Bar Facility. A new land lease approved.
Price includes all land, buildings, stock , back-up replacement stock, plant, equipment and extensive goodwill.