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Balgownie Resort - Yarra Valley

Property Type:Commercial
Address:Melba Highway
Yarra Glen, 3775
Price: $1,980,000

Property Description

 •Award winning 5 star Balgownie Estate Vineyard Resort

•Awarded 2008 Best Environmental Hotel - Australian Hotel Awards (VIC)
•1hr drive north-east of Melbourne CBD - central to all Yarra Valley vineyards
•65 luxury accommodation suites
•24 hour onsite management
•Rae’s Restaurant, Bill’s Bar and Lounge area
•Balgownie Estate Cellar Door
•Health Club with gym, steam room & indoor heated experience pool
•Award winning Natskin Spa Retreat
•Magnificent views of vineyards and surrounding hills from all rooms, restaurant and conference facilities

The Investment

•55 x one and two bedroom dual key apartments
•All apartments are fitted with oversized spa bath and valley viewing window
•All apartments include furniture in the sale
•Very high yielding investment – currently showing 7% gross yield after all resort management fees and an allowance for utilities, repairs and maintenance and pest control
•Owner usage rights available (subject to availability)
•Security of income ensured
• experienced onsite management
• established and well managed businesses attracting a broad range of clientele – i.e. restaurant, conference facility, cellar door, day spa