Portland, Victoria

COASTAL INVESTMENT NOT TO BE MISSED - 2581MI

INVESTMENT $1,700,000

Business Description

INVESTMENT MOTEL

- A fantastic opportunity to invest in a popular coastal town so close to the beach.

- Currently Leased out to new tenants, with 14 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 $90,000 per annum plus GST.

Solid investments like these are rare, so contact Michael Philpott at Tourism Brokers for more information or to organise an inspection.

Property ID: 2581MI (quote when enquiring)

Property Code: 4842

Business Summary

Marketing Agent

Michael Philpott

Tourism Brokers

Key Investment Insights

AI generated. Confirm details with the seller.

1. Leased motel investment with new tenants and 14 years remaining on the lease.
2. Annual rental income of $90,000 plus GST.
3. Located in a popular coastal town close to the beach.
4. Large 4,054 square metre landholding with side access.
5. Property is zoned General Residential Schedule 1.
6. Includes 16 motel rooms, a two bedroom residence, commercial kitchen and large dining and conference area.