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Address available on request Lakes Entrance, VIC 3909

Address available on request,
Lakes Entrance, VIC 3909

Hotel, Motel & Leisure

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UNDER OFFER

PREMIER TOURIST PARK FREEHOLD INVESTMENT

Fantastic Family Park, in the middle of the tourist area of the town.

300m from the beach.

This excellent accommodation business freehold is returning a considerable gross yield of 7%.

With a secure long term lease, two separate titles and CPI increases, the property offers a distinct opportunity for the astute investor.

Current rental of $82,518 per annum plus GST and outgoings with balance of 25 year rental term, with the aforementioned annual CPI Increases.

Centrally located and within close proximity to surf beach footbridge and retail outlets this accommodation business comprises:
- 52 Sites
- Illawong House - 4 bedroom and 2 bathrooms
- 12 x fully self-contained cabins
- 1 x 3 Bedroom Flat
- 3 x 2 Bedroom Flat
- 2 x 1 Bedroom Flat
- Main 2 Bedroom residence with office

For further information please contact Nick Brook on 0401 215 949.

Additional information

Property ID: 501034351Last Updated: 21 Sep 2017

02 9929 89...
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Address available on request
Lakes Entrance, VIC 3909
Richardson & Wrench - North Sydney
66 Berry Street
NORTH SYDNEY, NSW 2060

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