Freehold Investment - Sun City Caravan & Leisure Life Park

We are pleased to present for sale the freehold of 30-40 Cureton Avenue East, Mildura.

The site is 3.33 hectares of farm zone land which is divided into two significant parts.

SUN CITY CARAVAN PARK:

Under new management August 2019 and currently undergoing refurbishment by new lessees.

Leased at $67,227 per annum + GST & outgoings

Current term to 7/4/2021 with an option for a further 3 x 3 year terms.

Includes 60 powered lettable sites, 4 bedroom Managers Residence, office, workshop, amenities, swimming pool (new pool currently under construction) & bbq area.

Covers approximately 1.42 hectares located at the front section of the property with internal bituminised roadways through the park.

SUN CITY LEISURE LIFE PARK:

This Lifestyle village for over 55s is a popular choice for budget conscious retirees to obtain fully fitted transportable home in a quiet location with like-minded neighbours.

Located at the back section with access through the caravan park.
Stage 1 currently 10 units on 40 year site agreements at $100/w = $52,000 p/a.
With development approval for an additional 21 units.
Infrastructure already installed for additional units.
New units are currently being offered for sale to further add to the income.
Optional Stage 2 proposal for a further 41 units to be located at the front of the property to replace the caravan park sites.

Property ID: 1075880