Metung, Victoria

Urgent Sale – Exceptional Value, Price Reduced - ID 9097

$860,000

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 ocation 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: $131,694
Reduced Asking Price: $860,000
(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: $860,000 Net Profit: $131,694 Remuneration / Body Corp Salary: $12,000

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. Urgent sale with reduced asking price $860,000, sale advertised as exceptional value.
2. Net profit reported $131,694, demonstrating established cashflow.
3. Asking price is inclusive of manager's real estate, simplifying acquisition.
4. Manager's apartment valued at $575,000, sold on title with an on-title office, listed as 3 bedrooms and 2 bathrooms.
5. Manager remuneration / body corporate salary $12,000, in addition to net profit.
6. Property mix comprises 10 motel rooms and 4 self-contained apartments with private courtyards and spas, forming a 14-unit letting pool within a 15-unit holiday complex.
7. Lakeside positioning near Lake King and Bancroft Bay on the Gippsland Lakes, offering strong location appeal for tourists.
8. 4‑Star AAA rating, supporting premium positioning and marketability.
9. Holiday complex features include an outdoor pool and outdoor entertainment area, enhancing guest amenities.
10. Management rights structured under a standard 10-year agreement, with 9 years remaining, providing contract stability.
11. Turnkey management rights business, positioned as a coastal lifestyle investment with established operations and inventory.

Management Rights Multiplier: 2.16
ROI Estimate: 15.31%