21 ROOM MOTEL + 2 APPARTMENTS + RESTAURANT For Sale in the city of Gravenhurst in MUSKOKA AREA, one of the major tourists attracted locations. Restaurant is on lease (current lease is valid for another 2.5 years). This motel runs on long-term customer living there on Weekly or Monthly basis, Currently 100% Occupancy (all 21 Rooms have been occupied since long time). Total 10 Rooms have Kitchen. Current owner has been running it remotely since last 7 years with just one employee on site to take care of the property. This location and the property has indeed huge income potential for the new owner operator if its operated as a regular motel operation. Very low operating costs as just one employee, almost NO housekeeping, minimum supplies, NO online reservations or marketing (meaning property is indeed underperforming and has a great potential to grow) Currently SECURED INCOME from the Motel with almost 100% occupancy + RENT from the Restaurant. **** EXTRAS **** Seller's instructions: Absent Owner, Limited Showings - Only Once a Week, 24 to 48 hours Notice required because all rooms are occupied. Please Do Not Go Direct without showing confirmation. (id:47421)
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Detailed Information
Bathrooms
23
Amenities Nearby
Highway
Listing Contract Date
2024-04-08
# of Parking Spaces
30
Property Type
Business
Transaction Type
For sale
Building
Cooling Type
Fully air conditioned
Heating Type
Baseboard heaters
Utility Water
Municipal water
Land
Total Size
345 x 370 FT
Amenities
Highway
Size of Irregular Land
345 x 370 FT
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