Tootgarook, Victoria

ACQUIRE A LOW MAINTENANCE, EFFORTLESS LEASE HOLD ON THE MORNINGTON PENINSULA | Resort Brokers ID : LH008252

$250,000

Business Description

ResortBrokers presents the Lease Hold of Rye Family Apartments, a prime investment opportunity in Victoria's Mornington Peninsula.

With eight apartments directly opposite Tootgarook front beach, this low-maintenance property is an effortless operation, ideal for holiday makers, sporting and tour groups.

No requirement to live on site, and potential for site development, this is a unique chance to penetrate or expand on the thriving tourism sector.

Don't miss this opportunity to capitalise on the booming Mornington Peninsula market.

- Strategically located in Victoria's bustling Mornington Peninsula.
- Effortless operation with a total of eight apartments.
- Prime location directly opposite Tootgarook front beach and just an hour away from Melbourne.
- Unrivalled opportunity to penetrate Mornington Peninsula's thriving tourism sector.
- Potential for site development in collaboration with the landlord.
- Low-maintenance property requiring minimal upkeep.
- Includes a one-bedroom manager's residence with potential for conversion into an additional apartment with no requirement to live on site.
- 1 year remaining on the initial term with a further 2 x 5 year options
- Inspection by appointment only
Date updated: 09 Jun 2024 23:00:16

Business Summary

Business Snapshot

Price: $250,000 Net Profit: $90,000
Marketing Agent
Chris Boschetti
Chris Boschetti

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