Milad Akrami
Sales Representative
Soltanian Real Estate, Brokerage
Independently owned and operated.
175 Willowdale Ave Suite 100, Toronto, Ontario M2N4Y9
Cell: 647-678-7799Office: 647-678-7799
$1,999,000
Available - For Sale
Listing ID: X8218750
469 Bethune Dr North , Gravenhurst, P1P 1B8, Ontario
| 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. |
| Price | $1,999,000 |
| Taxes: | $9188.44 |
| Tax Type: | Annual |
| Occupancy by: | Own+Ten |
| Address: | 469 Bethune Dr North , Gravenhurst, P1P 1B8, Ontario |
| Postal Code: | P1P 1B8 |
| Province/State: | Ontario |
| Lot Size: | 345.00 x 370.00 (Feet) |
| Directions/Cross Streets: | Bethune Dr N & Winewood Ave E |
| Category: | With Property |
| Use: | Hotel/Motel/Inn |
| Building Percentage: | Y |
| Total Area: | 3.08 |
| Total Area Code: | Acres |
| Retail Area: | 0 |
| Retail Area Code: | Sq Ft |
| Area Influences: | Major Highway |
| Business/Building Name: | Star Motel |
| Financial Statement: | Y |
| Chattels: | Y |
| Franchise: | N |
| Days Open: | 7 |
| Hours Open: | 9Am- 9P |
| Employees #: | 1 |
| Seats: | 0 |
| LLBO: | N |
| Washrooms: | 23 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Y |
| Water: | Municipal |
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| CENTURY 21 PEOPLE`S CHOICE REALTY INC. |
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Milad Akrami
Sales Representative
Dir:
647-678-7799
Bus:
647-678-7799
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Muskoka |
| Municipality: | Gravenhurst |
| Lot Size: | 345.00 x 370.00(Feet) |
| Tax: | $9,188.44 |
| Baths: | 23 |
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