A Coastal Investment Opportunity Not to be Missed - 2846MI
Investment Opportunity - A rare chance to invest in a prime commercial property along the iconic Great Ocean Road, minutes from major tourist attractions like the Twelve Apostles. Currently operating as a bustling motel, this investment property is perfect for hospitality, offering high tourist traffic and immediate revenue potential.
Key features include:
- Prime coastal location
- 18 studios and 3 bedroom residence
- Long term tenant in place responsible for all outgoings
- Established business with loyal clientele
- 7% ROI and reasonable lease years remaining
- Potential for redevelopment or expansion (STCA)
This property promises strong returns and long-term capital growth in one of Australia's top tourist destinations.
Annual Rent: $146,683 plus GST
Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
