31-33 Roadknight Street, Lakes Entrance

1,803m² Land
1m² Floor Area
Price Undisclosed
Sold on 21st December 2015
Property Type: Hotel/Leisure

TOURIST PARK FREEHOLD INVESTMENT

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 & 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

Inspection by appointment only.

Michael Walstab
Accommodation and Business Broker


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