Coastal Investment Not To Be Missed - 2581mi

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

What's Nearby

Make an Enquiry
Tourism Brokers Tourism Brokers
Andrew Cronin

Bsale ID: 635751

wait whilst email sent

Thank you, your enquiry has been sent now.