DELIGHTFUL FREEHOLD INVESTMENT RESORT FOR SALE - SOUTH COAST
SOLD
Description: Delightful resort on lake in pristine bushland setting. Walk to beautiful South Coast beach. Long term lease in place showing 8.3% return to passive investor.
Star Standard: 3½ star.
Construction: Single level timber clad brick cottages with corrugated iron roof and brick partitions. In very good condition for age. Variation of appointments - all very good quality. Paintwork of good condition - high standard throughout.
Age: 1989
Land Area: 100 acres
Lease: 26 years. Rent $174,120 + GST per annum
Laundry: Commercial laundry. Linen for superior cottages hired. Remainder of linen owned and laundered on site. 2 Plus changes of linen in excellent condition. Guest laundry available.
Restaurant: 2 Function Areas
Features: Licenced; air-conditioned; In-ground heated pool; 2 gas BBQs; fresh water lake, pontoon, canoes, basketball and tennis courts, children's playground, climbing walls, 2 zip lines 120m, bocce ball court, games room, archery range, mini golf course, Foxtel; 21 carports and open parking, fire rated.
Residence: 3 Bedrooms with built-in wardrobes, own kitchen, lounge, dining, bathroom, private lounge, adjacent to reception and office.
Comment: Delightful resort in highly sought-after South Coast location. Investment properties are rare in coastal locations. This property offers an 8.3% yield to a passive investor. Don't hesitate on this offering.
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