47/1 Mairburn Road, Metung

Heart of the Gippsland Lakes
Metung is the 'jewel' of the picturesque Gippsland Lakes with its seaside village atmosphere and boating prominence makes it a truly unique offer in the accommodation industry.
The Metung Holiday Villas are being offered for sale with both freehold and management rights. Presented in an immaculate condition this business currently offers an approximate EBITDA of $300k PA together with extremely attractive tax depreciation benefits.
Consists of:
- Freehold ownership to 38 villas (individual strata titles)
- Freehold title to the two storey four bedroom residence and office
- Management Rights to the total of the 45 villas
- Income earning Owners Corp agreement for the common area
- Additional 2 bed cottage fully let
- Swimming Pool and recreation areas
Exceptional opportunity for an owner/operation or partnership looking for that seaside lifestyle with excellent profit performance.

Inspection by Appointment

Michael Walstab
Accommodation and Business Broker