128 Inlet View Road, VENUS BAY VIC 3956
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- Hotel / Leisure
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- 2 x Onsite parking
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- 16 Dec 2016
On offer for sale is the freehold of a large well-designed house located in a peaceful coastal location a short distance from the Venus Bay surf beach. The property, known as Venus Escapes, is currently used as a luxury adult-only BnB and spa retreat. The sale is on walk-in walk-out basis inclusive of the furnishings (minor exclusions), an attractive website and the well-established business name.
The property is on a 4006 sq. m mostly level parcel of land located just 300 m from Beach No 2 and a short distance to Venus Bay shops.
The improvements consist of a two-level weathertex-timber clad house with extensive decking, a double garage, a shed, a Gazebo covered 8-seater hydrotherapy spa with surrounding outdoor seating and two outside toilets. There are three large water tanks (3 X 22,000 L) and a bore that keep the property well supplied with water.
The house was built in 1996 and was substantially renovated and upgraded in 2008. It is intelligently designed to provide privacy to guests and owners and make use of the lovely surrounding views. It presents very well and includes all modern comforts including reverse cycle air-conditioning.
The guest wing on the top floor contains four luxuriously appointed and spacious guestrooms (3 with king-size beds and one with queen-size bed). Each guestroom has an ensuite bathroom, a mini fridge and wall mounted LCD TV and DVD. There is also a spa room for guests with a balcony that overlooks the garden.
The ground floor part of the house comprises, on opposite sides of the central foyer, the owners retreat section and the guest and spa rooms section. Adjacent to the internal laundry, a well-designed and fully equipped large kitchen with walk-in pantry leads directly to an open and spacious area that includes the dining room, where breakfast is served for up to 8 guests, a bar lounge, an impressive bar and further along, the sauna room and the massage room.
The owners retreat comprises of an office, a lovely lounge room with wood heater, high ceilings and large glass windows, a master bedroom with separate bathroom, a second bedroom and a covered outdoor patio.
The business was originally set up in 1996 as a guesthouse and a restaurant. The current owners purchased the property in 2007, converted part of the restaurant space into treatment rooms and successfully introduced the day spa services to in-house guests and the general public to complement the BnB under the overall brand name of Venus Escapes.
Today, both businesses enjoy repeat custom and a great reputation for high quality hosting. The BnB is rated 4 stars and is exclusively focused on couples only. It is positioned as a luxury weekend retreat or short stay for couples looking for a romantic getaway in a beautiful environment or for a wellness experience of massage, holistic therapies and pampering. The current occupancy is at approx. 40% and adjusted profit is healthy ranging between $104k-114k per annum.
This being the only BnB in Venus Bay, there is room for growth for new operators willing to build the guest occupancy beyond the current lifestyle-driven level and target the corporate retreat market.
The coastal town of Venus Bay is located 172 km south-east of Melbourne and is central to the many natural attractions in the South Gippsland area, including Wilsons Promontory National Park (under an hour's drive east). It is situated on a narrow peninsula of land that is nestled within the foreshore reserve of the Cape Liptrap Coastal Park. It is bordered on one side by the open sea of Bass Strait and on the other by the calm waters of Anderson Inlet, which resembles a large lake and is ideal for boating and fishing. This small holiday town is a popular destination for tourists that come to enjoy the pristine surf beaches and the many scenic bushwalking tracks it offers.
This spacious house sits in coastal bushland just below the sand dunes that lead to the wide sandy ocean beach. It is in a serene and peaceful environment that is good for the soul. The interior is bright and airy and well laid-out providing comfortable and enjoyable living. The business is easy to run and offers a great lifestyle with substantial income. A new buyer can continue operating the spa as-is or reopen the restaurant instead. This opportunity would suit a couple looking to enjoy a more relaxed pace with the option of further growth if desired.
Please contact us for a detailed Information Memorandum. Inspections are strictly by appointment.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
128 Inlet View Road VENUS BAY