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 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
Key Investment Insights
1. Coastal location in a popular town, positioned very close to the beach, supporting strong tourist demand and seasonal occupancy potential.
2. Secure long-term income stream, with current lease to new tenants having 14 years remaining.
3. Established rental of $90,000 per annum plus GST, providing predictable cashflow.
4. Large landholding of 4,054 m2 with side access, offering on-site parking, loading access or potential for expansion.
5. Property comprises a 16-room motel, suitable for small to medium-scale accommodation operations.
6. On-site two-bedroom residence, enabling on-site management or owner accommodation.
7. Commercial kitchen and large dining/conference area, supporting food service, conferences, group bookings and ancillary revenue streams.
8. Zoned General Residential - Schedule 1, which may influence redevelopment options and planning approvals.
9. Investment appeal reinforced by being a turnkey, leased asset, reducing immediate operational responsibilities for the purchaser.
10. Opportunity for value-add in future, subject to zoning, through facility upgrades, marketing to conference/group markets, or utilising the large block for additional amenities.
