Lakes Entrance, Victoria
$1 million NET on further development. VENDORS TERMS.
$6,888,000
Business Description
A very Lucrative Self Funding, Land Opportunity.
Excellent Vendors terms,to help realise the future deveopement of this HUGE parcel of land. ( approx 6 acres )
FACT IS - Affordable housing is in HUGE DEMAND.
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. ( see photo example )
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 as an investment !
Or sell each cabin with a 25 year lease for approx $200,000
Affordable housing is in HUGE demand and growing all the time due to immigration, and the economy in general.
Retirees or Tenants may pay $200,000 for a 25 year lease and a ongoing, yearly service fee. - at approx $6000 P/A.
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. The business for sale is a large parcel of land, approximately 6 acres, with excellent vendor terms for further development.
2. The location of the land is perfect for retirees and permanent residents, with easy access to the center of Lakes Entrance.
3. The demand for affordable housing is high, making this land a lucrative investment opportunity.
4. The potential for adding 50+ cabins to the land is a significant opportunity for growth and profit.
5. Cabins can be sourced from Australia or China, with modifications done on site.
6. The potential return on investment is high, with a possible $30,000 investment yielding an annual return of $18,200 in rent.
7. The option to sell each cabin with a 25-year lease for approximately $200,000 is another potential source of income.
8. The demand for affordable housing is expected to continue to grow due to immigration and the economy.
9. All parties interested in purchasing the land and developing it must conduct their own due diligence before making an offer.
10. The agent, Michael, is available for a more in-depth discussion about the business strategy for developing the land.
