80 Vernon Street Warrnambool VIC 3280

Established circa 1970's and offers the purchaser a passive investment rental income whilst underpinned by a Commercial 1 zoned site that is located prominently on Princes Highway in the heart of Warrnanbool, Victoria. Located on a 1.146ha site having an extensive 167 meter frontage to Princes Highway (Raglan Parade).

Warrnambool Motel and Holiday Park offers a wide range of tourist accommodation including motel rooms, tourist apartments, tenant owned tourist cabins, Caravan Sites, some with en-suite bathrooms.

Facilities include a swimming pool, games room, camp kitchen, amenities building with separate male, female showers and toilets and a guest laundry.

There are two 3 bedroom brick residences, an office/ reception and a large workshop.

The Holiday Park is leased to an experienced operator until 2045 (including options). The rent is reviewed annually in April by CPI and the next market review is in 2027. Note there is no Land Tax payable.