30 - 40 Cureton Avenue, Mildura VIC 3500
Freehold Investment - Sun City Caravan & Leisure Life Park House - Property ID: 941641
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 $65,780 + GST per annum until 7/4/2018 with an option for a further 4 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 8 units on 40 year site agreements at $95/w with increase in place for 10 units in March 2018 at $100/w = $52,000 p/a.
• With development approval for an additional 21 units.
• Infrastructure already installed for the next 13.
• New units are currently being offered for sale at $155,000.
• Stage 2 Proposal for a further 41 units to be located at the front of the property to replace the caravan park sites.
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