31-33 Roadknight Street,
Lakes Entrance, VIC 3909

Hotel, Motel & Leisure

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Map of 31-33 Roadknight Street

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TOURIST PARK FREEHOLD INVESTMENT

This excellent accommodation business freehold is returning a considerable gross yield of 7%. With a secure long term lease, two separate titles and CPI increases, the property offers a distinct opportunity for the astute investor.
Current rental of $82,518 per annum plus GST and outgoings with balance of 25 year rental term, with the aforementioned annual CPI Increases. Centrally located & within close proximity to surf beach, footbridge and retail outlets this accommodation business comprises:
- 52 Sites
- Illawong House - 4 bedroom and 2 bathrooms
- 12 x fully self-contained cabins
- 1 x 3 Bedroom Flat
- 3 x 2 Bedroom Flat
- 2 x 1 Bedroom Flat
- Main 2 Bedroom residence with office

Inspection by appointment only.

Michael Walstab
Accommodation and Business Broker

Lakes Entrance, 3909 demographic data

The median household income for Lakes Entrance is $866, 38% lower than Regional Victoria's household income of $1,386. Lakes Entrance has an older age profile compared to the rest of Regional Victoria (median age 55 vs 43). Property ownership data shows 27% of property owners in Lakes Entrance have a mortgage.

5,145

Population

$866 per week

Median household income

55 years

Median age

Owners

Most residents

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Most households