On offer for sale is the freehold of a large well-designed house located in a peaceful coastal location a short distance from the Venus Bay Surf beach. The property, known as Venus Escapes, is currently used as a luxury adult-only BnB and spa retreat. The sale is on walk-in walk-out basis inclusive of the furnishings (minor exclusions), an attractive website and the well-established business name. Please contact us for a detailed Information Memorandum.
The property is a 4006 square metres mostly level parcel of land located just 300 m from Beach No 2 and a short distance to Venus Bay shops.
The improvements consist of a two-level weathertex-timber clad house with extensive decking, a double garage, a shed, a Gazebo covered 8-seater hydrotherapy spa with surrounding outdoor seating and two outside toilets. There are three large water tanks (3 X 22,000 L) and a bore that keep the property well supplied with water.
The house was built in 1996 and was substantially renovated and upgraded in 2008. It is intelligently designed to provide privacy to guests and owners and make use of the lovely surrounding views. It presents very well and includes all modern comforts including reverse cycle air-conditioning. The guest wing on the top floor contains four luxuriously appointed and spacious guest rooms (3 with king-size beds and one with a queen-size bed). Each guest room has an ensuite bathroom, a mini fridge and wall mounted LCD TV and DVD. There is also a spa room for guests with a balcony that overlooks the garden.
The ground floor part of the house comprises, on opposite sides of the central foyer, the owners retreat section and the guest and spa rooms section. Adjacent to the internal laundry, a well-designed and fully equipped large kitchen with walk-in pantry leads directly to an open and spacious area that includes the dining room, where breakfast is served for up to 8 guests, a bar lounge, an impressive bar and further along, the sauna room and the massage room.
The owners retreat comprises of an office, a lovely lounge room with wood heater, high ceilings and large glass windows, a master bedroom with separate bathroom, a second bedroom and a covered outdoor patio.
The operation was initially set up in 1996 as a guesthouse and a restaurant. The current owners purchased the property in 2007, converted part of the restaurant space into treatment rooms and successfully introduced the day spa services to in-house guests and the general public to complement the BnB under the overall brand name of Venus Escapes.
Today, both businesses enjoy repeat custom and an excellent reputation for high-quality hosting. The BnB has rated four stars and is exclusively focused on couples only. It is positioned as a luxury weekend retreat or short stay for couples looking for a romantic getaway in a beautiful environment or a wellness experience of massage, holistic therapies and pampering. The current occupancy is at approx. 40% and net profits after add-backs are healthy ranging between $104k-114k per annum.
Venus Escapes is the only BnB in Venus Bay, so there is room for growth for new operators willing to build the guest occupancy beyond the current lifestyle-driven level and target the corporate retreat market.
The coastal town of Venus Bay is located 172 km south-east of Melbourne and is central to the many natural attractions in the South Gippsland area, including Wilsons Promontory National Park (under an hour’s drive east). It is situated on a narrow peninsula of land that is nestled within the foreshore reserve of the Cape Liptrap Coastal Park. It is bordered on one side by the open sea (the Bass Strait) and the other by the calm waters of Anderson Inlet, which resembles a large lake and is ideal for boating and fishing. This small holiday town is a popular destination for tourists that come to enjoy the pristine surf beaches and the many scenic bushwalking tracks it offers.
This spacious house sits in coastal bushland just below the sand dunes that lead to the wide sandy ocean beach. It is in a serene and peaceful environment that is good for the soul. The interior is bright and airy and well laid-out providing a comfortable and enjoyable living. The business is easy to run and offers a great lifestyle with substantial income. A new buyer can continue operating the spa as-is or reopen the restaurant instead. This opportunity would suit a couple looking to enjoy a more relaxed pace with the option of further growth if desired.
Council previously approved a development proposal for four self-contained villas with car parking. The approval expired in March 2015.
128 Inlet View Road, Venus Bay, Victoria, Australia
Company Director, Accommodation Properties P/L
Alex Omran is a licenced Real Estate Agent and Business Broker with many years of commercial experience. After completing a Bachelor of Commerce and obtaining a Diploma in Company Directorship, Alex spent his early career in banking and finance with..