Perfectly located at 51 Stirling Road, within easy walking distance of Metung Village and the picturesque waterfront, Akora Flats presents an exceptional investment opportunity in one of East Gippsland's most sought-after coastal destinations.
Comprising four fully self-contained, two-bedroom units, Akora Flats offers a versatile investment opportunity, with the flexibility to explore holiday letting, long-term rentals, or a combination of both, subject to relevant approvals. Its desirable location near Metung Village and the waterfront, combined with multiple potential income streams and the area's enduring coastal appeal, makes this an attractive opportunity for investors seeking rental income and long-term capital growth potential.
Akora Flats: An Established Holiday Letting Investment with Over 30 Years of Trading History.
Operating successfully for more than 30 years, Akora Flats offers an outstanding opportunity to acquire an established holiday accommodation investment in the heart of Metung. Fully furnished and operational, with an experienced manager already in place, this well-established business offers investors the opportunity to generate holiday rental income from day one.
With existing operational systems and forward bookings transferring to the purchaser, the property offers a streamlined transition and continuity of operations from settlement. Its long-standing trading history, established management arrangements and desirable coastal location make Akora Flats an attractive investment opportunity in Metung's holiday accommodation market.
A Versatile Investment Opportunity with Attractive Long-Term Rental Returns
Beyond its established holiday accommodation business, Akora Flats presents an exciting opportunity for investors seeking to capitalise on the demand for long-term rental accommodation in Metung.
Comprising four fully self-contained, two-bedroom units, the property offers the flexibility to explore leasing each unit individually as a permanent residence or occupying one unit while generating rental income from the remaining three, subject to relevant council approvals and residential tenancy requirements.
With an estimated rental return of $445 per week per unit, the property offers the following potential investment returns:
• Estimated weekly rental income per unit: $445
• Combined weekly rental income: $1,780
• Potential annual gross rental income: $92,560
• Indicative gross rental yield: 11.58%
This attractive income potential, combined with the property's convenient location near Metung Village and the waterfront, makes Akora Flats a compelling option for investors seeking multiple rental income streams, flexibility and long-term investment potential.
Property and Business Highlights
• Four fully self-contained two-bedroom accommodation units
• Established holiday accommodation business trading for more than 30 years
• Fully furnished and equipped for continued operation
• Experienced manager currently in place
• Forward bookings and relevant operating systems transferring to the purchaser
• Approximately eight minutes' walk from Metung Village and the waterfront
• Convenient access to Lake King, Bancroft Bay and local boating facilities
• Off-street vehicle parking with additional space for boats
• Flexible accommodation suited to couples, families and holidaymakers
• Opportunity to operate personally or retain the existing managed business structure.
The Metung Lifestyle
Metung is renowned for its relaxed village atmosphere, waterfront dining, boating, fishing and access to the wider Gippsland Lakes. The property is also conveniently located near the Metung Hot Springs and Metung Country Club, with Lakes Entrance and Bairnsdale within a comfortable drive.
The property may offer future subdivision potential, subject to council and all other relevant approvals (STCA). No representation is made that subdivision approval will be granted. Purchasers should make their own enquiries with East Gippsland Shire Council and obtain independent professional advice.
Call selling agent Daniel Schoeman on 0417 824 769 for more information or to arrange a private inspection.
Due Diligence Checklist:
What you need to know before buying a residential property. Before you buy a home, you should be aware of a range of issues that may affect that property and impose restrictions or obligations on you if you buy it. This checklist aims to help you identify whether any of these issues will affect you. The questions are a starting point only, and you may need to seek professional advice to answer some of them. You can find links to organisations and web pages that can help you learn more by visiting the due diligence checklist page on the Consumer Affairs Victoria website (consumer.vic.gov.au/duediligencechecklist).
