Port Fairy, Victoria
STUNNING BOUTIQUE MANAGEMENT RIGHTS ON VICTORIA' S GREAT OCEAN ROAD | Resort Brokers ID : MR008186
$1,585,000
Business Description
Resort Brokers is proud to offer the management rights and three-bedroom manager's residence of the Victoria’s located in Port Fairy on The Great Ocean Road. This quality boutique property, with 33 keys in the management rights letting pool has new 25-year agreements.
This business is ready for hands-on operators to take it to the next level. If you don’t wish to be hands on. work on the business, not in it with a wage allowance in the financials of $123,000 to allow you to employ staff and you step back
One and two-bedroom apartments and incorporating The Drill Hall Cottage, which is a historic four-bedroom, cottage located beside The Victoria Apartments.
The Drill Hall Cottage accommodates up to eight guests, comprising of three queen bedrooms and one room with two single beds. The living area has a large north-facing window to let in the winter sun, opening out to the paved courtyard.
The management rights package includes a stylish and comfortable three-bedroom manager’s residence and ground floor office/reception area.
- Unleash the potential with this hands-on operator's dream
- Secure your future with brand new 25-year agreements
- Enjoy low maintenance with no pools, gyms, or other facilities to upkeep
- Benefit from a supportive owner’s corporation
- Live comfortably in a high quality three-bedroom manager's residence, with a formal valuation of $800,000-(available on request.
- Maximise profits with all units in the manager's letting pool
- No Fixed Office Hours
- Inspections are by appointment only
Date updated: 09 Feb 2025 22:00:04
Business Summary
Business Snapshot
Price: $1,585,000
Net Profit: $289,357 Remuneration / Body Corp Salary: $45,598
Managers Unit
Value of Managers Apartment: $800,000Bedrooms: 3Bathrooms: 2Office: On TitleComplex Information
Complex Type: Resort / HolidayTotal Units in Complex: 35Total Units in Letting Pool: 33Lockup Units: 1Agreement Term Remaining: 25 years