ACQUIRE A LOW MAINTENANCE, EFFORTLESS LEASE HOLD ON THE MORNINGTON PENINSULA

ResortBrokers presents the Lease Hold of Rye Family Apartments, a prime investment opportunity in Victoria's Mornington Peninsula.

With eight 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.

  • Strategically located in Victoria's bustling Mornington Peninsula.
  • Effortless operation with a total of eight 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
Listing Ref LH008252
Property Type Motel
Sale Type Leasehold
State VIC
Region Mornington Peninsula
Suburb Tootgarook
Net Profit $90,000
Price $250,000
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Chris Boschetti

Interested? Why not give Chris Boschetti a call on 0428 812 434 or

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