The harbour and marina in the historic maritime town on the Bellarine peninsula is expected to sell for more than $30m to a high net worth investor.
His investment in Queenscliff Harbour has been a long-term play for Mr Rathbone and his fellow investors, who are now all in their 70s.
Offering a number of income streams from its 253 wet berths, 126 dry stack storage sites and more than 4000 square metres of retail and office tenancies, Queenscliff Harbour brought in $2.24 million of net operating income in the 2022 financial year. Mr Harper said an incoming purchaser would have the opportunity to capitalise on a strong performing and income generating asset, which offered the potential to be enhanced through further development.
Mr Rutman said the marina had already generating interest from high-profile investors in the Bellarine area as well as from NSW and Singapore.Rich Lister Robert Magid putting another trophy maritime asset
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