St Arnaud, Victoria
2642MI - FOR A SMALL FREEHOLD INVESTMENT - THIS IS YOUR CASH COW
SOLD
Business Description
- Our vendor is offering you a 7% Return.
- Far better than residential (less than 4% returns)
- Your tenant pays your insurance and your rates (what would that save you?)
- Your tenant can run his business there up to 29 years more.
- Your tenant pays for most of the maintenance
- This is your cash cow!
- This property has been refurbished from the skin up.
Annual Rent: $38,000 plus GST
Contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2642MI (quote when enquiring)
Location: St Arnaud is a substantial country town of some 3,000 people located at the south-eastern edge of the Mallee plains, between Donald and Avoca on the Sunraysia Highway and 235 km north-west of Melbourne. It is a service centre to a district focused on mixed farming, merino wool, grains, legumes and vineyards. The district around St Arnaud supports an agricultural industry of sheep grazing, grains and wineries, with forested areas to the south and open Mallee plains to the north.
Property Code: 3663
Business Summary
Key Investment Insights
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.
