Red Cliffs VIC 3496

$815,000 Negotiable

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.

Phone enquiries - please quote property ID 18061

Property Details