FOR SALE
Leasehold Sale | Expressions Of Interest

18 Princes Highway
Cann River VIC 3890

Bedrooms: -
Bathrooms: -
Car spaces: 47
Floor area: 1700m2
Land area: 1700m2
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Leasehold Investment opportunity with main road (Princes Highway) in the heart of the picture-perfect town of Cann River

OPPORTUNITY TO PURCHASE LEASEHOLD OF CANN VALLEY MOTEL
- Own 2 of the 3 Motels in the Town
- Business Established 20-Plus Years
An incredibly rare opportunity awaits an investor or owner-operator to take this property to the next level (STCA) or Run the well-established Cann Valley Motel.
Running 1 out of only 3 motels in the area guarantees a healthy income, and the current owners say the business is very easy to run. This proven performer, well-established, straightforward and effective business is your opportunity to enjoy income and security in this ideal location and it will exceed your new business expectations. Top buy & great income-producing business which is a unique opportunity for a buyer seeking an immediate return and cash flow motel with huge growth potential in the expanding tourist market.
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Net Profit: $252,760 (GST excl) 2021/22
Lease Options: 6 x 5 years (new 30-year lease from settlement)
Annual Rent: $60,000 (Plus GST & Outgoing) as at settlement with annual CPI adjustments
Expressions Of Interest
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Property Details for 18 Princes Hwy, Cann River

Building Type
Commercial
Floor Size
1700m2
Land Size
1700m2

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About Cann River 3890

The size of Cann River is approximately 112 square kilometres. It has 3 parks covering nearly 77% of total area. The population of Cann River in 2011 was 167 people. By 2016 the population was 198 showing a population growth of 18.6% in the area during that time. The predominant age group in Cann River is 50-59 years. Households in Cann River are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Cann River work in a community and personal service occupation. In 2011, 61.7% of the homes in Cann River were owner-occupied compared with 61.1% in 2016.

Cann River has 259 properties. Over the last 5 years, Houses in Cann River have seen a 102.15% increase in median value. As at 30 September 2024:

  • The median value for Houses in Cann River is $272,143 while the median value for Units is $280,439.
There are currently 4 properties listed for sale, and no properties listed for rent in Cann river on OnTheHouse. According to CoreLogic's data, 5 properties were sold in the past 12 months in Cann river.

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