Key Investment Insights
AI generated. Confirm details with the seller.
1. The business for sale is a small freehold investment with a 7% return, making it a profitable opportunity for potential buyers.
2. The return on investment is far better than residential properties, which typically have less than 4% returns.
3. The tenant is responsible for paying insurance and rates, which can save the buyer a significant amount of money.
4. The tenant has a long-term lease of up to 29 years, providing stability and consistent income for the buyer.
5. The tenant also covers most of the maintenance costs, making this a low-maintenance investment for the buyer.
6. The property has been recently refurbished, ensuring it is in good condition for the buyer.
7. The annual rent for the property is $38,000 plus GST, providing a steady income for the buyer.
8. The property is located in St Arnaud, a substantial country town with a population of 3,000 people.
9. St Arnaud is a service centre for a district focused on mixed farming, merino wool, grains, legumes, and vineyards, providing a diverse and stable economy.
10. The district also has opportunities for growth in the agricultural industry, with sheep grazing, grains, and wineries.
11. The property code for this business is 3663, and interested buyers can contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.
