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Hotel/Leisure For Sale or For Lease found in MORNINGTON PENINSULA (METROPOLITAN), VIC

PREMIUM SEASIDE INVESTMENT

Investment | Development/Land (Hotel/Leisure, Residential) | Hotel/Leisure

MP Burke Commercial is delighted to offer for sale a premium seaside investment located at 799 Point Nepean Road, Rosebud.
The Admiral Motor Inn is a 3.5 star rated motel, comprising of ten individual units, two self-contained apartments and one studio apartment.
The property is located opposite a quiet and picturesque Rosebud foreshore on Port Phillip Bay close to the Rosebud retail centre.
In addition to the well appointed studio units / apartments the complex also provides a well-appointed reception and dining area, manager area, guest laundry, landscaped and manicured gardens, ample on-site parking and a private BBQ amenity.
Land area is approximately 2,158 sq metres and it is zoned GRZ1 "General Residential" under the Mornington Pensinsula Planning Scheme.
Rosebud is one of the Mornington Peninsula's most active sea-side towns located approximately 75 kilometres from Melbourne. The area is well serviced by a strong, well-established town centre providing a central retail shopping centre, services such as health and childcare minding facilities, government and non-government facilities and numerous other community services. The future of Rosebud is underpinned by the new Peninsula Link Access which has encouraged greater development, new infrastructure and strong population growth.

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Price: Contact Agent    Rent: $108,125 p.a.    Land: 2158m²    Occupancy: Tenanted

Suburb Summary -

Below you will find the average advertised Sale Price, Rent & Yield for this suburb.

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list on Commercial Property Guide.
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