Portland, Victoria

$2,050,000

Property Description

Newest Award-Winning Accommodation Option in Portland | Resort Brokers ID : LH006250

A rare opportunity to purchase the newest accommodation option in Portland Victoria. Offering an extensive 29 year lease, this 50 key property was recently refurbished and in a fantastic location. Now awarded with Quest’s highest accolade, “Quest National Franchise of the Year 2019”.



  • 50 serviced apartments

  • Conference facility for up to 50 delegates

  • Ample off-street parking and undercover parking available

  • Outdoor solar heated swimming pool

  • Refurbished in 2019, minimal further investment required

  • Strong economic growth in Portland

  • The long 29-year lease with market rent

  • Part of the market-leading Quest Apartment Hotel brand

Date updated: 17 Sep 2020 23:00:06

Property Summary

Business Snapshot

Price: $2,050,000 Net Profit: $555,235

Hotel Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -

Marketing Agent


Marketing Agency

ResortBrokers

Damon Lunardello
ResortBrokers

Phone

Listing Tools

This listing last updated: 17th September 2020

Property Map

Map Location ( get directions )

Portland, Victoria 3305 Exact map location not provided

Similar Properties