Coastal Investment Not To Be Missed - 2581mi

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Portland North, Victoria 3305

INVESTMENT $1,700,000

Key Features

AI generated. Contact seller to confirm.

Coastal town location very close to the beach
Currently leased to new tenants, 16 years remaining
Large block of land, 4,054 m2 with side access
Zoned General Residential – Schedule 1
16 room motel with two bedroom residence
Commercial kitchen and large dining/conference area

Turnover: Not disclosed
Net Profit: Not disclosed
Rent/Lease: $108,190 per annum plus GST (lease 16 years remaining)
Stock Value: Not disclosed
Established: Not disclosed

Business Details

Business Category Motel

- A fantastic opportunity to invest in a popular coastal town so close to the beach.

- Currently Leased out to new tenants, with 16 years remaining.

- A large size block of land with side access of 4,054 m2.

- Zoned General Residential – Schedule 1.

- A 16 room motel with two bedroom residence, commercial kitchen and large dining/conference area.

- Rental of $108,190 per annum plus GST starting in April 2024.

Solid investments like these are rare, so contact Andrew Cronin at Tourism Brokers for more information or to organise an inspection.

Property ID: 2581MI (quote when enquiring)

Property Code: 4842