Metung, Victoria

Own a Coastal Accommodation Gem in Metung, Victoria! - ID 9097

$925,000

Business Description

Victoria Management Rights for Sale
Seize the Opportunity to Thrive in Picturesque Paradise

Unlock a golden opportunity to own a premier management rights business in the heart of Metung, Victoria. This picturesque paradise boasts 10 motel rooms, 4 self-contained apartments with private courtyards and spas, and a spacious two-bedroom manager's residence—all designed for open-plan living.

Prime lakeside positioning near Lake King and Bancroft Bay makes this 4-Star AAA rated accommodation business an irresistible venture. Gippsland Lakes, Australia's largest inland waterway, sets the breathtaking backdrop for your thriving investment.

Key Features:

- 10 Motel Rooms

- 4 Self-contained Apartments

- Private Courtyards with Spas

- Two-Bedroom Manager's Residence

- Lakeside Location near Lake King and Bancroft Bay

Elevate your lifestyle and financial portfolio with this turnkey management rights business. Immerse yourself in the charm of Metung and become the proud owner of a flourishing coastal haven.

Net Profit: $154,938
Total Asking Price: $925,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this management rights business for sale contact:

Management Rights Broker
Michael Philpott

Property Code: 625

Business Summary

Business Snapshot

Price: $925,000 Net Profit: $154,938 Remuneration / Body Corp Salary: $10,400

Managers Unit

Value of Managers Apartment: $575,000Bedrooms: 3Bathrooms: 2Office: On Title

Outdoor Pool, Outdoor Entertainment Area, Private Courtyards Balconies

Complex Information

Complex Type: HolidayTotal Units in Complex: 15Total Units in Letting Pool: 14Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: Yes

Marketing Agent

Michael Philpott

MR Sales

Key Investment Insights

1. Prime lakeside location near popular tourist attractions, including Lake King and Bancroft Bay.
2. 4-Star AAA rated accommodation business with 10 motel rooms and 4 self-contained apartments.
3. Private courtyards with spas in each apartment, providing a luxurious experience for guests.
4. Spacious two-bedroom manager's residence designed for open-plan living.
5. Opportunity for a turnkey investment with a net profit of $154,938.
6. Includes manager's real estate valued at $575,000.
7. Potential for growth and increased profits with only 9 years remaining on the agreement term.
8. Complex type is holiday, providing a steady stream of income throughout the year.
9. Complex includes a pool and outdoor entertainment area for guests to enjoy.
10. Immerse yourself in the charming coastal town of Metung and elevate your lifestyle and financial portfolio.

Management Rights Multiplier: 2.26
ROI Estimate: 44.27%