Portland, Victoria
COASTAL INVESTMENT NOT TO BE MISSED - 2581MI
INVESTMENT $1,700,000
Business Description
- A fantastic opportunity to invest in a popular coastal town so close to the beach.
- Currently Leased out to new tenants, with 16 years remaining.
- A large size block of land with side access of 4,054 m2.
- Zoned General Residential – Schedule 1.
- A 16 room motel with two bedroom residence, commercial kitchen and large dining/conference area.
- Rental of $108,190 per annum plus GST starting in April 2024.
Solid investments like these are rare, so contact Andrew Cronin at Tourism Brokers for more information or to organise an inspection.
Property ID: 2581MI (quote when enquiring)
Property Code: 4842
Business Summary
Key Investment Insights
1. Long term leased asset, tenancy in place with 16 years remaining, providing secure rental income stability.
2. Current rental income of $108,190 per annum plus GST, lease commencement listed from April 2024.
3. Large parcel size of 4,054 m2 with side access, offering space for expansion, additional parking or ancillary facilities.
4. 16 room motel plus a two bedroom on site residence, enabling owner accommodation or onsite management.
5. Commercial kitchen and large dining/conference area, supporting group bookings, events and F&B revenue streams.
6. Located in a popular coastal town very close to the beach, enhancing occupancy potential and seasonal demand.
7. Zoned General Residential Schedule 1, indicating potential for residential redevelopment or alternative uses subject to council approval.
8. Investment marketed as rare and solid, suggesting limited comparable opportunities in the area.
9. Property listed through Tourism Brokers, enabling specialised buyer outreach in the tourism and accommodation sector.
