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. Prime location in a popular coastal town, close to the beach
2. Long-term lease in place with new tenants, providing stable income for 16 years
3. Large block of land with side access, offering potential for future development or expansion
4. Zoned for general residential use, providing flexibility for future use of the property
5. Includes a 16 room motel, two bedroom residence, commercial kitchen, and large dining/conference area
6. Current rental income of $108,190 per annum plus GST, with potential for growth in the future
7. Rare opportunity to invest in a solid and profitable business with potential for further development
8. Contact Andrew Cronin at Tourism Brokers for more information or to arrange an inspection
9. Property ID: 2581MI (quote when enquiring)
10. Property Code: 4842
