Sold
Motel · Tootgarook · LH008252
ResortBrokers presents the Lease Hold of Rye Family Apartments, a prime investment opportunity in Victoria's Mornington Peninsula.
VENDOR MUST SELL - ACQUIRE A LOW MAINTENANCE, EFFORTLESS LEASE HOLD
ResortBrokers presents the Lease Hold of Rye Family Apartments, a prime investment opportunity in Victoria's Mornington Peninsula. With nine apartments directly opposite Tootgarook front beach, this low-maintenance property is an effortless operation, ideal for holiday makers, sporting and tour groups. No requirement to live on site, and potential for site development, this is a unique chance to penetrate or expand on the thriving tourism sector. Don't miss this opportunity to capitalise on the booming Mornington Peninsula market.
- Net profit
- $90K
- Asking $150,000
- Status
- Sold
The business at a glance.
- Strategically located in Victoria's bustling Mornington Peninsula.
- Effortless operation with a total of nine apartments.
- Prime location directly opposite Tootgarook front beach and just an hour away from Melbourne.
- Unrivalled opportunity to penetrate Mornington Peninsula's thriving tourism sector.
- Potential for site development in collaboration with the landlord.
- Low-maintenance property requiring minimal upkeep.
- Includes a one-bedroom manager's residence with potential for conversion into an additional apartment with no requirement to live on site.
- 1 year remaining on the initial term with a further 2 x 5 year options
- Inspection by appointment only
The asset, the manager unit, the location.
Tootgarook, VIC
Tootgarook, VIC
Talk to the broker.
Ask about similar properties
Chris Boschetti
Specialist Accommodation Broker, East Victoria
0428 812 434
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