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Statesman Motor Inn, Corowa

Motel

ActiveHospitality & TourismNew South WalesB2C
Asking price
$1,050,000
Disclosed · AUD
Revenue
—
Earnings (est.)
~$307,981
Estimated · comparable listings of this type and size · typically within ±20%
Typical multiple
~3.4×
comparable listings of this type and size · typically within ±20%

Brief

  • Leasehold 26-room motel on a corner site near Corowa's shopping precinct and the Murray River
  • Queen, Twin and Family rooms; commercial kitchen; three-bedroom, two-bathroom manager's residence
  • No breakfast service, a simple operation suited to first-time or experienced operators
  • Corowa supported by major local employers and Murray River / Rutherglen wine region tourism
  • Below-market rent with lease options extending to 2058
Listed
22
+3 in 30 days
Median asking
$2.6M
20 priced
Earnings multiple
2.9×
38 listings
Price drops
1
in 30 days
Asking price spread20 of 22 state a price
This listing · $1.1M
20%
25%
20%
30%
$250K–$500KOver $5M

Australia 48 · Victoria 12

Cafes 187 · Takeaways 114 · Restaurants 112 · Childcare centres 85 · Manufacturing businesses 47 · Wholesale and distribution businesses 45

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