Metung, Victoria

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

$947,000

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: $947,000
(Inclusive of manager's real estate)

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

Exclusive Management Rights Broker
Michael Philpott

Property Code: 625

Business Summary

Business Snapshot

Price: $947,000 Net Profit: $154,938 Remuneration / Body Corp Salary: $10

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: 14Holiday Units: 14Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: Yes

Marketing Agent

Michael Philpott

MR Sales

Key Investment Insights

1. Opportunity to own a premier management rights business in the charming heart of Metung, Victoria.
2. Includes 10 motel rooms and 4 self-contained apartments with private courtyards and spas.
3. Features a two-bedroom manager's residence with open-plan living.
4. Prime lakeside location near Lake King and Bancroft Bay.
5. Secure a thriving accommodation business in a coastal haven.
6. 4-Star AAA rated management rights business.
7. Located in picturesque Metung, Victoria with the backdrop of Gippsland Lakes.
8. Net profit of $154,938.
9. Total asking price of $947,000, inclusive of manager's real estate.
10. Contact exclusive management rights broker Michael Philpott for further information or to arrange an inspection.
11. Manager's apartment valued at $575,000.
12. Complex is a holiday type with a total of 15 units, 14 of which are in the letting pool.
13. Agreement module is standard with a term of 10 years remaining.
14. Features an outdoor pool and entertainment area.

Management Rights Multiplier: 2.40
ROI Estimate: 41.65%