Victoria
PRESTIGE LOCATION AND ACCOMODATION IN THRIVING VICTORIA’S SECOND LARGEST CITY - 2876MF
UNDER OFFER
Business Description
- Just over an hours drive from Melbourne.
- Freehold Going Concern - no lease encumbrances.
- 23 contemporary rooms with a mix of deluxe, spa and family suites. Top level offering water views.
- Outstanding location on the western edge of Geelong opposite the waterfront, walking distance to the CBD, University, hospitals, and transport.
- Solid trading history with consistent occupancy and revenue growth.
- High-visibility site with excellent exposure.
- Well-maintained, purpose-built property.
- Secure off-street parking for guests.
- Long-term operational team in place - ideal for investor or owner-operator.
- Additional revenue with long term retail shop on floor level.
- Zoning allows redevelopment of up to 32 levels.
Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2876MF (quote when enquiring)
Property Code: 5270
Business Summary
Key Investment Insights
1. Freehold going concern with no lease encumbrances, offering full property ownership and operational control.
2. Prime waterfront location on the western edge of Geelong, opposite the waterfront with high visibility and excellent exposure.
3. Just over an hour’s drive from Melbourne, enhancing appeal to both metropolitan visitors and investors.
4. Walking distance to Geelong CBD, university, hospitals and transport, supporting diverse demand drivers and convenience for guests.
5. 23 contemporary rooms including deluxe, spa and family suites, with top-level rooms offering water views, enabling premium room rates.
6. Solid trading history with consistent occupancy and revenue growth, indicating stable cashflow and market acceptance.
7. Well maintained, purpose-built property, reducing immediate capex requirements for a new owner.
8. Secure off-street guest parking, a valuable operational advantage in an urban waterfront setting.
9. Long-term operational team in place, suitable for continuity or transition to an owner-operator model.
10. Additional income stream from a long-term retail shop on the ground level, diversifying revenue sources.
11. Zoning permits redevelopment up to 32 levels, presenting significant upside potential for value uplift or redevelopment.
