Leasehold Caravan Park for sale

This property has been priced to sell. Where else can you get a 39% yield in a regional city so close to the CBD.

• New 30 year lease - Rent $130,000 pa CPI indexed
• 2 residences with private yard
• Close walking distance to club, hotel and shops. 800m to CBD
• 6 motel rooms and 18 cabins
• Well fitted out vans and cabins for excellent permanent clientele
• Beautifully landscaped lawns and gardens
• Permanent water source with superb bore which provides for the underground watering system
• First class amenity blocks
• Features a pool, play centre for kids and has a mini putt putt layout
• Bitupaved roads with professionally constructed concrete curb and guttering
• Security boom gate

Nett:

$230,000 projected 2010 (After rent of $130,000)

Turnover:

$590,000 projected 2010