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Backpacker Hostel, 33 Lemon Avenue Mildura, VIC 3500


Backpacker Hostel, 33 Lemon Avenue,
Mildura, VIC 3500

Hotel, Motel & Leisure

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Map of Backpacker Hostel, 33 Lemon Avenue


Tenanted Investment Opportunity - 8.5% Net Return

Seldom offered is the opportunity to acquire a top performing inner city securely leased investment property. Operated as Workers Accommodation which is in very high demand due to the expansive local agricultural industry.
This 475m2 property is licensed to accommodate 45 guests with a variety of bedroom configurations, upgraded fire & safety systems and security cameras in all common areas, offering a safe environment for guests.
Key features include:
* Secure Lease to 30.6.2026 with 1 x further 3 year option
* Rental income of $93,600 per annum + GST - All outgoings paid by tenant
* Large, well equipped industrial kitchen with coolroom & large dining area
* 12 bedrooms, 4 bathrooms, theatre room
* Laundry complex
* Private & secure courtyard
* Secure rear lane access
* Mixed Use zoned (MUZ)
* Safe & secure accommodation walking distance to CBD & Riverfront
Call today to arrange an inspection.

Property ID: 504429364Last Updated: 18 Jan 2024

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Backpacker Hostel, 33 Lemon Avenue
Mildura, VIC 3500
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