FOR SALE
$925,000

Contact Agent For Address
Metung VIC 3904

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1m2
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Own a Coastal Accommodation Gem in Metung, Victoria! - ID 9097

Victoria Management Rights for Sale
Seize the Opportunity to Thrive in Picturesque Paradise
Unlock a golden opportunity to own a premier management rights business in the heart of Metung, Victoria. This picturesque paradise boasts 10 motel rooms, 4 self-contained apartments with private courtyards and spas, and a spacious two-bedroom manager's residence—all designed for open-plan living.
Prime lakeside positioning near Lake King and Bancroft Bay makes this 4-Star AAA rated accommodation business an irresistible venture. Gippsland Lakes, Australia's largest inland waterway, sets the breathtaking backdrop for your thriving investment.
Key Features:
- 10 Motel Rooms
- 4 Self-contained Apartments
- Private Courtyards with Spas
- Two-Bedroom Manager's Residence
- Lakeside Location near Lake King and Bancroft Bay
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Property Details for Contact Agent For Address, Metung

Building Type
Commercial
Floor Size
1m2

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About Metung 3904

The size of Metung is approximately 27.7 square kilometres. It has 7 parks covering nearly 1.7% of total area. The population of Metung in 2011 was 1,221 people. By 2016 the population was 1,449 showing a population growth of 18.7% in the area during that time. The predominant age group in Metung is 60-69 years. Households in Metung are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Metung work in a professional occupation. In 2011, 77.8% of the homes in Metung were owner-occupied compared with 79.4% in 2016.

Metung has 2,180 properties. Over the last 5 years, Houses in Metung have seen a 64.70% increase in median value, while Units have seen a 41.82% increase. As at 31 October 2024:

  • The median value for Houses in Metung is $699,955 while the median value for Units is $381,139.
  • Houses have a median rent of $460 while Units have a median rent of $290.
There are currently 120 properties listed for sale, and 2 properties listed for rent in Metung on OnTheHouse. According to CoreLogic's data, 68 properties were sold in the past 12 months in Metung.

Suburb Insights for Metung 3904

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Michael Philpott
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Management Rights Sales Pty Ltd
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.