42 Victoria Highway Katherine NT 0850
- Hotel, Motel, Pub & Leisure
- For Sale, $2,250,000
ResortBrokers is proud to present a caravan park with a multi-income stream | Resort Brokers ID : INV006780
This is your chance to secure a rare Passive Investment of this boutique, multi-income stream caravan park with a long term 27 year lease in place and showing a 9% return.
The park consisting of 8 well-appointed cabins and a 2 bedroom donga, each fully fitted with cooking facilities, an ensuite and flat screen TV's. There is also immaculately presented ablution blocks, fully fitted with a modern laundry, swimming pool and shaded BBQ area. 39 powered sites (four drive through) and each surrounded by grass.
The manager's accommodation is a comfortable two bedroom residence. Quality tenants have been operating the business for the last 3 years and there is 7 years remaining on the initial term to 2028 with 4 x 5 year options.
It is rare that we are presented with a passive investment opportunity showing 9% return in this must stop over destination. Be quick to secure this rare gem.
- Highly sought after passive investment
- Long term 27 year lease
- Showing a 9% return
- Capable and experienced tenants been in place for 3 years
- Boutique park with shop and fuel
- Well presented and maintained
- Property inspections are by appointment only