Maguires Real Estate | Mornington | South Eastern Suburbs
Maguires Real Estate | Mornington | South Eastern Suburbs
Maguires Real Estate | Mornington | South Eastern Suburbs

Beach Holiday Apartments Pty. Ltd. Holiday Accommodation



HOLIDAY APARTMENTS BY THE BEACH IN RYE

THIS BUSINESS IS SOLD



An opportunity has come up to take over the business ownership and management of Beach Holiday Apartments, located prominently in Dundas Street, Rye. The property consists of 6 x two bedroom apartments and a fully self-contained luxury one bedroom spa apartment, located within walking distance of Rye beach and shops.

The current owner has leased the property for over seven years, during which time she has expanded the accommodation options and ensured a regular supply of group bookings for golf, winery and Peninsula weekends and tours. The freehold property is not part of the sale which incorporates goodwill, plant and equipment, beds, linen and equipment, stock, booking system and over 12 months forward bookings.

All apartments are fully furnished and can accommodate up to 6 people in each (two people in the spa apartment). Guests are provided with tea, coffee and milk on arrival and all linen and towels are included (see for a more detailed description).
With a high occupancy rate of around 60% you as a new owner can step straight into the business and start generating income, leaving the worry about paying the mortgage to the property owners. With a current lease of 3 years and 2 x 5 year options this highly profitable business offers long-term security and the option of expanding the booking and management system to include other local properties.

The vendor has put a code-based self-entry system in place to facilitate ease of checking in and out for both business owners and guests and the booking system is completely accessible by mobile phone. There is a security system in place which is also accessible by mobile phone meaning the new owners, with the assistance of reliable cleaners, do not need to be located on the property and can manage the business remotely.
All of this adds up to the opportunity for owners to enjoy the delights of the famous Mornington Peninsula beaches, wineries, shops and restaurants, while making a secure and stable income. The property enjoys solid bookings throughout the winter period and is booked solid during the summer season.

So, if you have been thinking about a move to the Peninsula and a better, healthier lifestyle, don't let this one get away. Property inspection and a meeting with the owner can be arranged on request.

Price: $280,000 including all plant and equipment + SAV

For enquiries and an inspection, with an opportunity to speak to the owners, please contact Alan Maguire, Maguires Real Estate, Mornington (0418 377 038).

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