637 Esplanade,
Lakes Entrance, VIC 3909

Hotel, Motel & Leisure

Key property information

Floor area

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Map of 637 Esplanade

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LAKES ENTRANCE FREEHOLD

Located in one of Victoria's renowned premier tourist destinations, close to all amenities and the Ninety Mile Beach footbridge, this well presented motel offers an attractive gross yield of 7.2%.
The current lease details:
Lease Term:
5 Years commencing 18/11/2012
Options:
2 x 5 Years
Current Rental:
$59,184 inc GST
Increases:
CPI
Offering 8 motel rooms, 2 x 2 bedroom family rooms, spa room and a 3 bedroom residence with large lounge/dining room with separate office. The property is well maintained by current leasehold owners.

Inspections welcome by appointment

Michael Walstab
Accommodation and Business Broker

Additional information

External websites

External link 1

Lakes Entrance, 3909 demographic data

The median household income for Lakes Entrance is $866, 38% lower than Regional Victoria's household income of $1,386. Lakes Entrance has an older age profile compared to the rest of Regional Victoria (median age 55 vs 43). Property ownership data shows 27% of property owners in Lakes Entrance have a mortgage.

5,145

Population

$866 per week

Median household income

55 years

Median age

Owners

Most residents

Families

Most households