Victoria
PRESTIGE LOCATION AND ACCOMODATION IN THRIVING VICTORIA’S SECOND LARGEST CITY - 2876MF
REDUCED FREEHOLD $7,500,000
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. 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 clear ownership transfer and operational continuity.
2. 23 contemporary rooms comprising deluxe, spa and family suites, with top-level rooms offering water views.
3. Prime waterfront-facing location on the western edge of Geelong, directly opposite the waterfront.
4. Walking distance to the CBD, university, hospitals and transport, enhancing guest convenience and demand drivers.
5. Just over an hour’s drive from Melbourne, supporting weekend and regional visitation markets.
6. Solid trading history with consistent occupancy and revenue growth, indicating proven financial performance.
7. High-visibility site with excellent exposure, beneficial for walk-in business and brand presence.
8. Well-maintained, purpose-built property, reducing immediate capital expenditure risk.
9. Secure off-street parking for guests, an operational advantage in an urban waterfront location.
10. Long-term operational team in place, supporting turnkey operation for investors or owner-operators.
11. Additional rental income from a long-term retail shop on the ground floor, diversifying revenue streams.
12. Zoning permits redevelopment up to 32 levels, presenting significant upside potential for redevelopment or densification.
