Lakes Entrance, Victoria
$1 million NET on further development
$7,900,000
Business Description
Excellent terms to help realise the future deveopement of this HUGE parcel of land. ( approx 6 acres )
Perfect location for retirees and a couple of minutes to walk to the centre of Lakes Entrance.
Also a perfect location for permanent residents to lease a cabin on ongoing basis.
Cabins can be sourced 2nd hand from Australia, or flat pack 2 bedroom cabins from China with modifications done here when landed.
You do the math, a possible $30,000 investment for a return of $18,200 P/A for rent. Beats buying a house or apartment !
Affordable housing is in HUGE demand and growing all the time due to immigration, and the economy in general.
Retirees may pay $150,000 for a 25 year lease and a ongoing, yearly service fee.
Potential to add 50 + cabins to this huge land parcel which is in PRIME location in a beautiful seaside town.
Above information is speculation only, and all parties must do their own due diligence before making an offer.
Please call the Agent to have a more in-depth chat on a great business strategy to develope this park on great terms !
Call Michael on ---------- - or submit an enquiry.
Business Summary
Key Investment Insights
1. Prime location in a popular seaside town
2. Potential for further development with 6 acres of land
3. Opportunity to cater to retirees and permanent residents
4. Possibility to source affordable cabins from Australia or China
5. High demand for affordable housing due to immigration and economy
6. Potential for a high return on investment with a $30,000 investment yielding $18,200 per year
7. Potential for ongoing income through yearly service fees for retirees
8. Potential to add 50+ cabins to the land parcel
9. Affordable housing is a growing market
10. Due diligence must be done before making an offer.
