Here's your chance to invest in a pot of freehold gold right in the middle of Port Fairy while at the same time gaining a reliable annual income from this outstanding holiday accommodation property, either by managing it by yourself or leasing it to another operator.
You'll think you're away with the fairies when you become the new owner of this delightful holiday accommodation right in the centre of the historic coastal township of Port Fairy in Western Victoria. Formerly known as Belfast and having been voted Victoria's No. 1 Tourist Destination and 'the World's Most Livable Town under 20,000 people', this picturesque seaside fishing village features incredible ocean and river views, award-winning restaurants and a range of accommodation options.
Nestled in a private courtyard behind the main shopping and café precinct and purpose built to reflect the town's Irish heritage, this Port Fairy accommodation is a reliable long term investment with consistent short term returns. The property features three luxury self-contained couples' suites, two with garden courtyards and one with an upstairs balcony.
There is also an upstairs two-bedroom apartment with kitchenette and sunny balcony which is currently being used as a guest suite but could also be used for owner (or manager) onsite accommodation. All suites have modern stylish bathrooms, split system air-conditioning and everything you would expect in a luxury B&B.
This property is priced to sell as a freehold commercial property along with the option of continuing the accommodation business, which includes all the business goodwill built up over the last 12 years and all the accompanying furniture and equipment. Alternatively, the buyer may also wish to use the property as a coastal retreat or live in the two-bedroom apartment and rent out the three suites. This would ensure a comfortable beachside lifestyle combined with a reliable income.
Currently attaining high occupancy the business continues to attract travelers and couples alike due to its unique character, convenient location and competitive tariffs. Occupancy is made up of a mixture of overseas and Australian tourists experiencing the delights of the Great Ocean Road and Shipwreck Coast with the vast majority booked online, meaning the new owners can manage the business remotely.
Having recently undergone extensive renovations, and with low cleaning and maintenance costs, the business is guaranteed to produce a high net profit whether you decide to owner occupy, lease or manage remotely with reliable cleaning staff.
Famous for its folk, jazz and other numerous festivals Port Fairy is a thriving community with lots of room for further growth. Experience the magic of the Port Fairy lifestyle. Contact us now to arrange an inspection.
Free training and support provided by the owners and our specialist B&B sales consultant.
Price: $1.6 million including freehold and business, comprising all furniture and fittings, website address and forward bookings.
Contact: Alan Maguire, Principal, Maguires Real Estate
