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: $12,000Business Value: $275,000

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

1300 9....

MR Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Reduced asking price of $860,000 includes the manager's real estate, with reported net profit of $131,694.
2. Management rights agreement has nine years remaining on a ten year term, with annual body corporate remuneration of $12,000.
3. Accommodation comprises 10 motel rooms and four self contained apartments featuring private courtyards and spas.
4. Lakeside location in Metung near Lake King and Bancroft Bay, within the Gippsland Lakes region.
5. Accommodation holds a 4 Star AAA rating.
6. Holiday complex includes 15 units, with 14 in the letting pool and one manager's unit.
7. Manager's apartment is valued at $575,000, with an office on title.
8. Guest amenities include an outdoor pool, outdoor entertainment area, private courtyards and balconies.

Management Rights Multiplier: 2.16
ROI Estimate: 15.31%