FOR SALE
$3,000,000 - $3,200,000

153 - 155 Newcombe Street
Portarlington VIC 3223

Bedrooms: -
Bathrooms: -
Car spaces: 18
Floor area: 2042m2
Land area: 2042m2
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Portarlington Beachside Motel for Sale: A Lucrative Investment Opportunity! in " Australia's mussel capital"

Discover the perfect blend of relaxation and profitability with this charming beachside motel, now available for the first time directly from the vendor. This well-presented property boasts 17 inviting rooms, each designed for comfort and convenience, and comes with separate parking for guests.
Key Features:
• Unbeatable Location: Situated in a sought-after beachside area, the motel draws tourists and locals alike, ensuring high occupancy rates year-round.
• Dual Income Potential: Benefit from two revenue streams-renting out the motel rooms and operating small travel buses for winery tours and weddings, catering to both local and visiting clientele.
• Eco-Friendly Investment: Equipped with solar power, reducing energy costs and enhancing sustainability, making it an attractive option for eco-conscious travelers.
• Meticulously Maintained: This well-presented motel is ready for a seamless transition, with all necessary amenities for immediate operation.
• Strong Market Demand: Portarlington's growing popularity as a tourist destination ensures a continuous flow of guests, enhancing your investment potential.
• Strong Market Appeal: With its unique offerings and prime location, this property stands out in a competitive market, promising consistent occupancy rates.
• Refreshing Swimming Pool: Guests can relax and soak up the sun in an inviting pool area.
• Convenient Amenities: Features a common laundry and kitchen, and separate parking for each room enhancing the guest experience.
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Property Details for 153 - 155 Newcombe St, Portarlington

Building Type
Commercial
Floor Size
2042m2
Land Size
2042m2

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About Portarlington 3223

The size of Portarlington is approximately 24.8 square kilometres. It has 15 parks covering nearly 8.9% of total area. The population of Portarlington in 2011 was 3,581 people. By 2016 the population was 3,618 showing a population growth of 1.0% in the area during that time. The predominant age group in Portarlington is 60-69 years. Households in Portarlington are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Portarlington work in a professional occupation. In 2011, 72.8% of the homes in Portarlington were owner-occupied compared with 69.6% in 2016.

Portarlington has 4,137 properties. Over the last 5 years, Houses in Portarlington have seen a 44.84% increase in median value, while Units have seen a 26.70% increase. As at 30 September 2024:

  • The median value for Houses in Portarlington is $869,129 while the median value for Units is $642,576.
  • Houses have a median rent of $480 while Units have a median rent of $460.
There are currently 31 properties listed for sale, and 2 properties listed for rent in Portarlington on OnTheHouse. According to CoreLogic's data, 99 properties were sold in the past 12 months in Portarlington.

Suburb Insights for Portarlington 3223

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Sunny Hurne
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Nitin Kumar
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Raine & Horne Land Victoria
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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.