Under Offer - Freehold Luxury Beach Accommodation - Port Lincoln, Eyre Peninsula, Sa

Port Lincoln, South Australia 5606

SOLD

Key Features

AI generated. Contact seller to confirm.

  • Four fully self-contained apartments
  • Premier Esplanade location
  • Classic Art Deco design
  • Heated outdoor pool and BBQ area
  • Development potential with concept plans
  • Close to tourist attractions and amenities
  • Turnover: $230,000
  • Net Profit: $135,000
  • Rent/Lease: Lease in place
  • Stock Value: Included
  • Established: Not disclosed

Business Details

Business Category Bed and Breakfast

Business ID: BS155203 - TWO TITLES - PREMIER ESPLANADE LOCATION – DEVELOPMENT POTENTIAL

Located in the heart of the city with the beach on your doorstep - Deco Beach Luxury Apartments offer multiple lucrative options.

This unmissable opportunity comprises 4 fully self-contained apartments for long and short-term accommodation, business or pleasure. The two-bedroom apartment with a stunning sea view affords a perfect lifestyle for a couple wanting to retire to the beach with an income from three other apartments or to live in one property entirely and income from two.

A full management option is also available - seamlessly facilitated by a complete online booking and management package.

· Port Lincoln’s premier Esplanade accommodation – Classic Art Deco Design

· First full year turnover grossed approx. $230k - Net return of approx. $135k - With all but managing bookings outsourced

· Perfectly located and beautifully renovated - 2 titles giving street to street convenience

· Spacious open plan living on one level - Ample space for comfortable living

· Heated outdoor pool, deck and BBQ area – Off-street parking

· Port Lincoln is a regular tourist stop for international, intra and interstate visitors – Largest town on the Eyre Peninsula

· Hotels, restaurants, supermarkets and shops an easy walk away

· Close to fantastic seafood and wine, spectacular coastline with untouched beaches, abundant wildlife

· World-famous aquatic activities - such as swimming with sharks, sea lions and whale watching

· Largest commercial fishing fleet in the Southern Hemisphere - Thriving aquaculture industry with world-renowned Coffin Bay oysters a short drive away

· This property has hosted the State Tourism Minister, TV celebrities, and international tourism agents

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The site also offers stunning development potential long-term – with concept plans for a 5-storey development available.

Price: $1.65 Million

Property Code: 3477

What's Nearby

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This business is somewhat unique and has no similar competition in this region, category or price bracket.

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Bsale ID: 619913