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. Coastal location in a popular beachside town, offering strong tourism and holiday market appeal.
2. Property currently leased to new tenants with 16 years remaining, providing long-term, stable rental income.
3. Contracted rental income of $108,190 per annum plus GST from April 2024, establishing predictable cash flow.
4. Large landholding of 4,054 m2 with side access, enabling parking, expansion, or redevelopment opportunities.
5. Zoned General Residential – Schedule 1, indicating residential-focused planning controls that will govern future development options.
6. Existing 16-room motel configuration provides an operational hospitality asset ready for continued use.
7. Onsite two-bedroom residence offers convenient onsite manager accommodation or owner occupancy potential.
8. Commercial kitchen and large dining/conference area support group bookings, events and food service revenue streams.
9. Investment described as rare and solid, implying limited comparable listings in the local market.
10. Long-term lease structure reduces operational management burden for an investor seeking passive income.
