The Gippsland, Mornington Peninsula and Yarra Valley regions have thriving tourism industries, with East Gippsland and the South Gippsland regions having strong holiday accommodation markets.
Lee Property has extensive experience in this sector, having completed a wide array of valuations for Accommodation facilities (Motels and Hotels), Restaurants, Bed and Breakfast complexes, Tourism Resorts, caravan parks and other specialised assets.
The valuation of assets in this sector also typically includes a Business Value (or Leasehold) component attached to the physical real estate component. The valuation of tourism and hospitality ‘going concerns’ requires expert skill and experience.
Our senior Valuer Mr Chris Jordan is a specialist in this area of valuation practice.