Prince Mark Motel, Doveton

Prince Mark Motel, Doveton — Hospitality & Tourism · Doveton, Melbourne · Asking Expressions of Interest

Freehold 25-room motor inn offered with vacant possession Positioned on the Princes Highway in Melbourne's south-east growth corridor Mix of room types across two levels; would benefit from refurbishment 40 minutes from Melbourne CBD, close to Dandenong's business and industrial precincts

DealProspect/Listings/Hospitality & Tourism

Prince Mark Motel, Doveton

Motel

ActiveHospitality & TourismVictoriaB2C

Find funding for this deal →View original listing ↗

Asking price

Expressions of Interest

Disclosed · AUD

Revenue

—

Earnings

—

Implied multiple

n/a

Price includes the property

Brief

Freehold 25-room motor inn offered with vacant possession
Positioned on the Princes Highway in Melbourne's south-east growth corridor
Mix of room types across two levels; would benefit from refurbishment
40 minutes from Melbourne CBD, close to Dandenong's business and industrial precincts

Motels in Victoria

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Listed

+4 in 30 days

Median asking

$2.8M

20 priced

Median revenue

$487K

6 disclose

Earnings multiple

5×

219 listings

Price drops

in 30 days

Asking price spread20 of 23 state a price

10%

20%

30%

$100K–$250KOver $5M

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