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Commercial, For Sale, Business, Accommodation Tourism, Red Cliffs, Victoria

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Red Cliffs VIC
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Freehold Motel investment. Secure return.

Located 15 minutes from Mildura, in the heart of the Sunraysian district right on the Calder Highway. This Motel is the first, and only motel in town. Absolutely no opposition. This motel has 18 units with a 3 bedroom residence for the managing Vendors, an inground swimming pool and a fully sealed concrete parking area and driveway throughout. A safe investment for the right person, beats having money in the bank for little return, or in a very risky stock market. Present tenant has a 30 year lease, paying $65.000 per annum rent with yearly rental increases of CPI or Market. Tenant also pays all council rates and building insurance for the property. Price: $815.000 Exclusive authority so genuine enquiries only please. For further details quote BSV 0807, and call Michael NOW !! or submit an enquiry.

Located 15 minutes from Mildura, in the heart of the Sunraysian district right on the Calder Highway. This Motel is the first, and only motel in town.

Absolutely no opposition.

This motel has 18 units with a 3 bedroom residence for the managing Vendors, an inground swimming pool and a fully sealed concrete parking area and driveway throughout.

A safe investment for the right person, beats having money in the bank for little return, or in a very risky stock market.

Present tenant has a 30 year lease, paying $65.000 per annum rent with yearly rental increases of CPI or Market. Tenant also pays all council rates and building insurance for the property.

Price: $815.000

Exclusive authority so genuine enquiries only please.

For further details quote BSV 0807, and call Michael NOW !! or submit an enquiry.

Property Detail

Property ID:

18061

Type:

Commercial

240
Address:

Red Cliffs VIC

Contact The Owner

This property was sold
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