Portland, Victoria
SOLID INVESTMENT OPPORTUNITY AWAITS ON THE COAST - 2776MI
REDUCED INVESTMENT $1,050,000
Business Description
- Amazing opportunity to invest on the South coast.
- Freehold investment for 5 townhouses within popular motel in Portland.
- Modern solid brick veneer with good occupancy rates.
- 3 x 2 bedroom, and 2 x 1 bedroom, all fully self-contained modern apartments.
- All strata titled for individual sale.
- 20 year lease in place with motel attracting $60,970 per annum, plus GST
Annual Rent: $60,970 plus GST
Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2776MI (quote when enquiring)
Property Code: 4564
Business Summary
Key Investment Insights
1. Freehold investment opportunity for 5 townhouses within a popular motel in Portland.
2. Modern and solid brick veneer construction with good occupancy rates.
3. Includes 3 x 2 bedroom and 2 x 1 bedroom fully self-contained apartments.
4. All units are strata titled for individual sale.
5. 20 year lease in place with the motel generating $58,122 per annum, plus GST.
6. Potential for additional income through individual unit sales.
7. Located on the South coast, a desirable and popular tourist destination.
8. Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
9. Property ID: 2776MI (quote when enquiring).
10. Property Code: 4564.
