Warrnambool, Victoria

2679ML - YOU ARE IN FOR WHALE OF A TIME

SOLD

Business 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

Business Summary

Marketing Agent
Andrew Cronin
Andrew Cronin

Key Investment Insights

1. Prime location on main road with high visibility to passing holiday makers.
2. Well-maintained and attractive property with 24 spacious and bright units, including options for interconnecting.
3. Additional facilities such as guest laundry, playground, and barbeque area add value and convenience for guests.
4. Strong and diverse customer base, including both tourists and corporate guests.
5. Opportunity to live and work in a beautiful seaside location while enjoying a solid net profit.
6. Long-term lease and reasonable rent provide stability and potential for growth.
7. Warrnambool is a rapidly growing regional center with a catchment of approximately 100,000 people.
8. Average annual growth rate of 1.8% over the past five years.
9. Potential for further growth and development in the region.
10. Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
Listing location

This Business is sold

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