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

+10 in 30 days

Median asking

$3M

21 priced

Median revenue

$487K

6 disclose

Earnings multiple

5×

212 listings

Time listed

15d

7 tracked

Price drops

in 30 days

Asking price spread21 of 24 state a price

10%

19%

33%

29%

$100K–$250KOver $5M

New South Wales 33 · Queensland 20 · Canterbury 10 · Northland 9 · Bay of Plenty 8

Cafes 575 · Takeaways 528 · Restaurants 482 · General retail businesses 226 · Supermarkets 86 · Convenience stores 77

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