Victoria
PRESTIGE LOCATION AND ACCOMODATION IN THRIVING VICTORIA’S SECOND LARGEST CITY - 2876MF
FREEHOLD $8,300,000
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.
- Outstanding location - 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.
Net Operating Profit: Available on request
Asking price: $8.3m – as supported by recent valuation
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, providing full property ownership and operational control.
2. 23 contemporary rooms comprising deluxe, spa and family suites, offering varied accommodation types and upsell potential.
3. Outstanding waterfront location opposite the water, within walking distance to the CBD, university, hospitals and transport, enhancing leisure and corporate demand.
4. Just over an hour’s drive from Melbourne, attracting both city spill and regional visitors.
5. Solid trading history with consistent occupancy and revenue growth, indicating resilient performance and investment appeal.
6. High-visibility site with excellent exposure, supporting direct walk-in and drive-by business.
7. Well-maintained, purpose-built property, reducing immediate capex and renovation risk.
8. Secure off-street guest parking, a notable convenience and competitive advantage in CBD-adjacent locations.
9. Long-term operational team in place, facilitating continuity of operations and easing transition for an investor or owner-operator.
10. Additional income stream from a long-term retail tenancy on the ground floor, diversifying revenue.
11. Asking price $8.3 million, supported by a recent valuation, offering price transparency for prospects.
12. Net operating profit available on request, signalling that detailed financials can be provided for due diligence.
