VIC Conventional Taxi Licence - Geelong (Passive Income)
$35,000
Details
| Location | Melbourne, VIC 3000 |
|---|
Licence Details
| Plate Type | Conventional |
|---|---|
| State / Jurisdiction | VIC |
| Service Area | Geelong |
| Plate Number | T-2581 |
| Transferable | Yes |
| Regulatory Authority | CPVV |
| Annual Renewal Fee | $950.00 |
| Lease Status | Currently Leased |
| Weekly Lease Income | $594.00/wk |
| Vehicle Required | Yes |
Description
Geelong conventional taxi licence currently leased to an experienced operator, providing passive income to the licence holder. Ideal investment for someone wanting taxi industry exposure without operating themselves.
Licence Details:
- Type: Conventional taxi licence
- Area: Geelong / regional Victoria
- Status: Active, leased to current operator since 2021
- Weekly lease income: approximately $180-$250
- Regulatory body: CPVV
Passive Investment Analysis:
- Purchase price: $35,000
- Annual lease income: approximately $9,360-$13,000
- Annual CPVV costs: approximately $500
- Net annual return: $8,860-$12,500
- Yield: 25.3%-35.7%
The current lessee is a reliable, long-term operator who has expressed interest in continuing the lease arrangement with any new owner. Income from settlement day.
Geelong Growth:
- Major residential development in Armstrong Creek, Charlemont and Lara
- Infrastructure investment including Spirit of Tasmania relocation
- Growing health and education precincts
- Increasing population driving taxi demand
This is a low-maintenance investment - the lessee handles all operational matters. The licence holder simply collects lease payments and pays annual renewal.
Full financial records available under NDA. Quick settlement preferred - owner relocating interstate.
Licence Details:
- Type: Conventional taxi licence
- Area: Geelong / regional Victoria
- Status: Active, leased to current operator since 2021
- Weekly lease income: approximately $180-$250
- Regulatory body: CPVV
Passive Investment Analysis:
- Purchase price: $35,000
- Annual lease income: approximately $9,360-$13,000
- Annual CPVV costs: approximately $500
- Net annual return: $8,860-$12,500
- Yield: 25.3%-35.7%
The current lessee is a reliable, long-term operator who has expressed interest in continuing the lease arrangement with any new owner. Income from settlement day.
Geelong Growth:
- Major residential development in Armstrong Creek, Charlemont and Lara
- Infrastructure investment including Spirit of Tasmania relocation
- Growing health and education precincts
- Increasing population driving taxi demand
This is a low-maintenance investment - the lessee handles all operational matters. The licence holder simply collects lease payments and pays annual renewal.
Full financial records available under NDA. Quick settlement preferred - owner relocating interstate.
Buyers should conduct independent due diligence. Taxi licence values are subject to regulatory change. VIC traditional taxi licences were abolished in 2017. NSW licence transfers banned from Feb 2023.
