Positioned at 51 Stirling Road and within easy walking distance of Metung Village and the waterfront, Akora Flats offers an outstanding lifestyle and ready-to-run business opportunity comprising four fully self-contained two-bedroom units.
Trading successfully for more than 30 years, this established accommodation business is currently operating and is offered fully furnished, with an experienced manager in place. Existing operational systems and forward bookings will transfer to the purchaser, supporting a smooth continuation of the business from settlement.
For buyers seeking a lifestyle change, managed investment or an established tourism business, Akora Flats combines accommodation, location and operational convenience within a tightly held coastal community.
Akora Flats also offers flexibility for buyers considering long-term residential leasing, with the potential to rent all four self-contained units as permanent dwellings or live in one while leasing the remaining three. With ongoing demand for long-term rental accommodation in the Metung area, this option may provide an attractive combination of lifestyle and rental income.
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.
Akora Flats presents an opportunity to secure an established freehold accommodation business while enjoying everything this highly regarded coastal village has to offer.
Financial and Investment Information: ROI 9% to 10%.
Business financial information, including available trading history and indicative yield details, may be provided to qualified purchasers upon request and subject to appropriate confidentiality arrangements.
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).
