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

Marketing Agent
Andrew Cronin
Andrew Cronin

Key Investment Insights

1. The business for sale is located in a popular coastal town, making it a desirable investment opportunity.
2. The property is currently leased out to new tenants with a remaining lease of 16 years, providing a stable source of income for the buyer.
3. The property sits on a large block of land with side access, providing potential for future development or expansion.
4. The property is zoned as General Residential - Schedule 1, allowing for a variety of potential uses.
5. The property includes a 16 room motel with a two bedroom residence, commercial kitchen, and large dining/conference area, providing multiple revenue streams.
6. The current rental income is $108,190 per annum plus GST, with the potential for growth in the future.
7. The property is being sold through Tourism Brokers and interested buyers can contact Andrew Cronin for more information or to arrange an inspection.
8. The property has a unique Property ID of 2581MI, which should be quoted when enquiring about the business.
9. This investment opportunity is considered to be a solid and rare find, making it a highly sought-after property in the market.
10. The coastal location and potential for future growth make this investment a highly attractive option for buyers.
Listing location

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