19 Mitchell Street Paynesville VIC 3880

Management Rights - Business & Property for Sale:
Discover an exceptional lifestyle and business opportunity with the sale of management rights and associated management residence, and office property at Captains Cove Waterfront Apartments. Perfectly positioned on the absolute waterfront in the heart of the Gippsland Lakes, this well-established accommodation business combines luxury, relaxation, and strong returns.

The Business:
Captains Cove Waterfront Apartments is a highly regarded holiday destination, offering guests an idyllic retreat with modern comforts and breathtaking views. The management rights provide the opportunity to oversee a well-run complex of 15 stylish apartments, each designed to enhance the waterfront experience. The business boasts a solid track record, repeat clientele and a thriving tourism market.

Each of the 15 self-contained apartments that are under management features spacious living area, full kitchen, and private deck overlooking the tranquil waters. The master bedroom offers private balcony with stunning water views, ensuring a serene and memorable stay for guests.

Additionally, a long caretaker agreement is in place for the maintenance and repair of the common property, providing an additional income stream for the business.

The Property:
Included in the sale is the owner/manager's 4 bedroom / 2 bathroom recently renovated residence, which also houses the office / Reception, commercial laundry and housekeeping space, private courtyard and jetty, providing a convenient and comfortable base for operations.

Situated in the stunning Gippsland Lakes region, Captains Cove Waterfront Apartments is the ideal lifestyle business. With its prime waterfront location, well-maintained facilities and established reputation, this is a rare opportunity to invest in a successful management rights business and secure a rewarding lifestyle.

For further details, contact us today.