Warrnambool, Victoria

2679ML - YOU ARE IN FOR WHALE OF A TIME

LEASEHOLD $930,000

Property Description

- Neat as a pin in this strongly held regional coastal town.

- Main road frontage capturing passing holiday makers.

- 24 spacious and bright units including 16 two-bedroom self-contained short stay apartments with options to interconnect.

- Facilities include guest laundry, playground, off street parking, barbeque area.

- Excellent patronage made up of tourist and corporate guests.

- 3 bedroom residence with separate court yard.

- Solid 25 year lease with reasonable rent.

Great opportunity to live and work in the beautiful seaside hub while enjoying a substantial net profit.

Net Profit: $273,649 for 2020/21

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

Property ID: 2679ML (quote when enquiring)

Location: Warrnambool is nestled in Victoria's south-west coast amid green dairying country and overlooking the Southern Ocean - 270 kms west of Melbourne. It is the largest city in the Great Ocean Road region, and Victoria’s largest coastal city. A rapidly growing regional centre, the city provides retail, professional, educational, social and health services to a regional catchment of approximately 100,000 people. Over the past five years, Warrnambool has had an average annual growth rate of 1.8%.

Property Code: 3979

Property Summary

Motel Information

Marketing Agent
Andrew Cronin
Andrew Cronin

Listing location
Gallery

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