Metung, Victoria

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

$915,000

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: $131,694
Total Asking Price: $915,000
(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: $915,000 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. Prime lakeside positioning near Lake King and Bancroft Bay
2. Picturesque paradise with 10 motel rooms and 4 self-contained apartments
3. Private courtyards with spas for each apartment
4. Spacious two-bedroom manager's residence with open-plan living
5. 4-Star AAA rated accommodation business
6. Located near Gippsland Lakes, Australia's largest inland waterway
7. Turnkey management rights business with potential for financial growth
8. Net profit of $131,694
9. Total asking price of $915,000, inclusive of manager's real estate
10. Manager's apartment valued at $575,000
11. Complex type: holiday, with 15 total units and 14 units in the letting pool
12. Agreement module: standard, with 10 years remaining on the agreement term
13. Amenities include an outdoor pool, outdoor entertainment area, and private balconies for each apartment.

Management Rights Multiplier: 2.58
ROI Estimate: 38.73%