Great Investment, Motel - freehold only
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Motel Freehold Investor Opportunity.
Excellent long term security and return.
This Motel is situated in Red Cliffs Victoria 3496, which is in a part of beautiful country Victoria.
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.
Exclusive authority so genuine enquiries only please.
For further details quote BSV 0807, and call Michael on 0400 645 133., or submit an enquiry.