Under Contract

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: securely leased at $67,227 + GST per annum until 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, pool & 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 55’s 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 the next 8.
• New units are currently being offered for sale at $149,000 – $159,000.
• 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: 941641