HIGH PERFORMING COMPLEX NEAR Port Vila WITH EST. $447K NET | Resort Brokers ID : LH007413
$3,450,000
Hotel hospitality, Port Vila OFFSHORE
Ocean View Hotel Apartments presents experienced managers with an idyllic business opportunity on this tropical isle. This well-presented, fully established complex has an excellent performance history and strong returns.
Convenient to the airport, and a casual stroll into the vibrant hub of Port Vila, Ocean Views attracts corporate travellers and tourists looking for quality short stay accommodation. It hosts 24 apartments, has an on-site restaurant, swimming pool and carparking facility. The self-contained apartments have a modern finish with air-conditioning and ocean views from the water-front balconies.
- Nine studios, eight 1-bedroom, six 2-bedroom and one 3-bedroom apartments
- Two on-site restaurants– 80 seats and 20 seats respectively
- Located above Port Vila’s newest shopping centre Tanna Russet Plaza
- 24-hour security and fully serviced for short-term or corporate clients
- Additional approved DA for 5-storey building offering 22x apartments and lift access
- Property inspections are by appointment only
Date updated: 21 Apr 2024 23:00:03
More Information
- Total Purchase Price: $3,450,000
- Net Income: $ 447,089
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This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
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This is the body corporate caretaker salary. It is included in the Net Income above.
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The value of on-title property included with the business. Its price is included in the Total Purchase Price.
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