Address available on request,
Tootgarook, VIC 3941
Hotel, Motel & Leisure
Key property information
Land area
Floor area
Map
VENDOR MUST SELL - ACQUIRE A LOW MAINTENANCE, EFFORTLESS LEASE HOLD | Resort Brokers ID : LH008252
ResortBrokers presents the Lease Hold of Rye Family Apartments, a prime investment opportunity in Victoria's Mornington Peninsula.
With nine 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 nine 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
With nine 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 nine 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
Additional information
External websites
Tootgarook, 3941 demographic data
The median household income for Tootgarook is $1,294, 32% lower than Greater Melbourne's household income of $1,901. Tootgarook has an older age profile compared to the rest of Greater Melbourne (median age 46 vs 37). Property ownership data shows 45% of property owners in Tootgarook have a mortgage.
3,178
Population
$1,294 per week
Median household income
46 years
Median age
Owners
Most residents
Families
Most households
04288124...
Address available on request
Tootgarook, VIC 3941
ResortBrokers - WEST ENDPO BOX 5004
WEST END, QLD 4101
WEST END, QLD 4101
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