Portland, Victoria

A Magnificent Coastal Freehold Investment Opportunity - 2837MF

REDUCED FREEHOLD $1,575,000

Business Description

An incredible opportunity to own the freehold of the well-established Portland Retro Motel. This thriving accommodation business offers a solid income stream, a loyal customer base, and strong growth potential in a popular regional tourism destination.

This is a secure freehold investment, allowing you to own the property and benefit from long-term capital growth. The 14 ground floor room motel is well-maintained and features comfortable, retro-style accommodation with a strong base of returning guests. Positioned in the historic and scenic town of Portland, Victoria, the location is ideal for attracting tourists, business travelers, and event-goers.

Guests enjoy fantastic amenities, including landscaped gardens, a barbeque area, a covered outdoor entertaining space, free Wi-Fi, and Netflix for added comfort and convenience. Included in the offering is a private onsite manager’s residence, featuring a three-bedroom home with a full kitchen, family bathroom, laundry, and an enclosed yard with security features.

With strong business potential and growing demand for regional tourism, the Portland Retro Motel is a fantastic opportunity for an owner-operator or investor. Don't miss this rare chance..

Net Profit: $120,875 for 2023/24

Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2837MF (quote when enquiring)

Property Code: 5133

Business Summary