Presenting this magnificent lifestyle property, consisting of a substantial home on 1 acre of land, right on the shores of Lake Victoria on the Gippsland Lakes. Together with the Management Rights of the Waterfront Retreat business, this represents a unique opportunity to purchase a substantial freehold property with an income stream attached.

The opportunity is made up of the Management Rights for 19 freestanding lodges and the freeholds of the Managers' Residence and Reception Buildings. Also included is the Function Centre building, complete with commercial kitchen.

The Residence consists of a substantial 4 bedroom (plus study) home on a 4000 sqm strata titled allotment, featuring an amazing outlook over Lake Victoria, with the foreshore and jetty just 90 metres away. The floorplan allows for 'zoned living', with the spacious master bedroom suite (complete with walk in robe and ensuite) at one end of the house, and 3 other bedrooms on the other side of a large open living area. All the bedrooms and the living areas have floor to ceiling windows, taking maximum advantage of the views of the foreshore and lake.

The Waterfront Retreat resort has been established in its current form for over 15 years and has an excellent trading history. The business is currently trading well, and significant advance bookings are in hand right through until 2022.

An important arm of the enterprise is the Function Centre. The centre is a popular venue for weddings, family reunions, business conferences and conventions. The building has a commercial kitchen which can be used by the owners for catering for groups, or utilized by outside caterers. The premises can seat 80 comfortably, and less formal gatherings of up to 150 people can be catered for. Groups utilizing the Function Centre often book out the rest of the resort, so the two arms of the business work together perfectly.

Business income is derived through commissions on lodge bookings, a fixed annual contract for caretaking duties, hiring fees for the Function Centre and catering for functions.

The resort has a host of facilities for the use of owners and guests, including a 12 metre heated in-ground pool, spa, tennis court, kayaks, paddle boards, bicycles etc.

Wildlife is plentiful, the whole resort being established in the natural lakeside environment. There is a boat ramp nearby suitable for large vessels, and a jetty at the front of the property. The Ninety Mile Beach and the vibrant lakeside towns of Paynesville and Lochs Sport are within easy boating distance, while Bairnsdale, Paynesville and Metung are a short drive away.

Please direct enquiries in the first instance to the selling agent, Warren Meade, on 0412 981 531.

Presenting this magnificent lifestyle property, consisting of a substantial home on 1 acre of land, right on the shores of Lake Victoria on the Gippsland Lakes. Together with the Management Rights of the Waterfront Retreat business, this represents a unique opportunity to purchase a substantial freehold property with an income stream attached.

The opportunity is made up of the Management Rights for 19 freestanding lodges and the freeholds of the Managers' Residence and Reception Buildings.