5 Russell Street, Macarthur, VIC 3286

5 Russell Street, Macarthur, VIC 3286 COUNTRY ACCOMODATION - BUSINESS FOR SALE

Macarthur Park Country Cottages is a well presented complex of 9 freehold Units situated in Macarthur overlooking the Eumarella River. Macarthur is well located being less than 30-minute drive south from Hamilton, 35 minutes north from Port Fairy and 55 minutes north-west from Warrnambool.

Macarthur Park Cottages provides a sound investment opportunity. Yield expectations of around 6% return (indicative only) based on permanent rental are predicted, with greater upside for holiday accommodation.

Current Gross Income: $4,500 per week

The cottages consist of 2 fully furnished one bedroom units and 7 fully furnished studio apartments.

Each Unit contains reverse cycle split system air-conditioning, Flat screen TV's, fully equipped kitchens, with new stoves, ovens, refrigerators and microwaves.

In addition, the complex has a coin operated laundry including 2 commercial washing machines and 2 commercial dryers.

Sale: Walk-in Walk-out

This sale inclusive of bedding, linen, reserve and unused linen and all sundry supplies and spare crockery and cutlery. Also included in the sale is a John Deere ride-on-mower.

Macarthur is an upcoming tourist destination. Attractions include Mt Eccles National Park and Budj Bim National Park, Lake Condah, Byaduk Caves, Mt Napier State Park and Tumuli (Lava Blisters). Other activities at Macarthur include playing the delightful 9 hole, par 35 gold course, bowls and enjoying the swimming pool during summer.

Macarthur Park Country Cottages are well positioned making it the perfect location for guests to explore the South West region of Victoria.

This is a serious business opportunity.

Well worth an inspection.