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HISTORY
The current owner built the units in 1995 & has subsequently built an excellent reputation over 25 years. The Marion Bay Seaside Apartments has always enjoyed high occupancy rates & has been built on a repeat & referral business.
LOCATION
The Yorke Peninsula is located north-west & west of Adelaide in South Australia, between Spencer Gulf on the west & Gulf St Vincent on the east.
Marion Bay Seaside Apartments are situated on the foreshore & only a stone throw from the Jetty & boat ramp. An idyllic tourist destination, boasting a very popular fishing jetty & boat ramp, along with a general store & a fully licensed Tavern/restaurant offering lunch, dinner, coffee or drinks overlooking the Bay. Right next door is the Innes National Park with spectacular views & various walking trails. Swim, fish & dive in one of the most natural coastal environments on the Yorke Penninsula.
OPERATIONS
Providing 5 apartments with substantial & well maintained improvements including:
• 3 x 3 bedroom & 2 bathroom Ocean View Apartments with private balconies & BBQ's
• 2 x 2 bedroom & 1 bathroom ground level apartments
• Reverse cycle air conditioning
• Colour televisions / Foxtel
• Kitchens with full size stove/oven, microwave & fridge/freezer
• Magnificent views over Marion Bay
• Onsite Gas BBQ
• Excellent Car Parking
INDUSTRY & MARKET
Currently the Yorke Peninsula contributes $220million to the December 2019 South Australian expenditure of $8.1 billion.
The most popular activity when coming to the Yorke Peninsula is to go to the beach, eat out or dine at a restaurant or café. Other popular activities include fishing, bushwalking, & visiting the National Parks.
CUSTOMER BASE
99% of visitors to the area are domestic visitors & 1% are international visitors.
Domestically, 89% of visitors are from within the state compared to 11 per cent from interstate.
88% of visitors to the Yorke Peninsula are leisure visitors (holiday & VFR).
ASSETS – PLANT & EQUIPMENT
The five units are fully furnished together with a communal Laundry. List of items included to follow
EMPLOYEE/STAFF DATA
No Employees, owner works in business, approx. 20-25 hours per week
INTELLECTUAL PROPERTY
Website - https://www.marionbayseaside.com.au
FINANCIAL PERFORMANCE
Form 2 will be provided once a confidential agreement has been signed.
WHY BUY THE BUSINESS
The sale of the Marion Bay Seaside Apartments affords purchasers the prospect of buying this wonderful tourism asset in a superb location, on the ever popular Yorke Peninsula, creating the perfect business & sea change lifestyle opportunity, complete with extensive ocean views.
The 1593sqm allotment has plenty of unused land & offers the opportunity to capitalised on its main street frontage with the potential to build a residential dwelling or shop/commercial venture (stcc). Additional external improvements include good rainwater, solar (??kw) & a large storage shed.
Specifications:
CT / 5834/657
Council / Yorke Peninsula
Zoning / Township Activity Centre
Built / 1995
Land / 1593m2
Nearby Schools / Warooka P.S, Yorketown Area School, Minlaton District School, Stansbury P.S, Curramulka P.S, Yorketown Area School, Minlaton District School
All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition) Interested parties should make their own inquiries and obtain their own legal advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at any Harris Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts.
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