Portland, Victoria
SOLID INVESTMENT OPPORTUNITY AWAITS ON THE COAST - 2776MI
SOLD
Business Description
- Amazing opportunity to invest on the South coast.
- Freehold investment for 6 apartments within popular motel in Portland.
- Modern solid brick veneer with good occupancy rates.
- 2 x one and two bedroom and 4 x two bedroom, fully self-contained modern apartments.
- All strata titled for individual sale.
- 20 year lease in place with motel attracting $75,357 per annum, plus GST
Annual Rent: $75,357 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 6 apartments within a popular motel in Portland.
2. Modern and well-maintained solid brick veneer building with good occupancy rates.
3. Mix of one and two bedroom fully self-contained apartments, providing a variety of accommodation options.
4. All apartments are strata titled, allowing for individual sale.
5. Long-term lease in place with the motel, providing a stable rental income of $75,357 per annum, plus GST.
6. Potential for future capital growth in the coastal property market.
7. Located on the South coast, a desirable and popular tourist destination.
8. Opportunity for hands-off investment with a professional management team in place.
9. Potential for additional income through short-term holiday rentals.
10. Property ID: 2776MI, providing easy reference for further enquiries.
11. Contact Andrew Cronin from Tourism Brokers for more information or to arrange an inspection.
12. Property Code: 4564, ensuring accurate identification of the listing.
