Key Investment Insights
AI generated. Confirm details with the seller.
1. Prime location along the iconic Great Ocean Road, a top tourist destination in Australia.
2. Currently operating as a bustling motel with 18 studios and a 3 bedroom residence.
3. Long-term tenant in place responsible for all outgoings, providing stable and reliable income.
4. Established business with loyal clientele, ensuring consistent revenue.
5. Potential for redevelopment or expansion (subject to council approval), offering potential for increased revenue and capital growth.
6. 7% ROI and reasonable lease years remaining, providing a strong return on investment.
7. Annual rent of $146,683 plus GST, providing immediate revenue potential.
8. Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
9. Property ID: 2846MI (quote when enquiring).
10. Property Code: 5065.