IS THERE ANY OTHER PROPERTY IN JINDABYNE SHOWING THESE RETURNS? - $530000

Description

Winterwood is a rare commercial zoned property in East Jindabyne approved for short term holiday usage. The gross income for the 2008 calendar year was $50,437.82 showing a net return in the 5-6% range. As of 9/05/09 the gross dollar value of the booking (YTD) amounts to $55,139.82 and the vendor anticipates a net return around 8% this year. The property consists of 6 bedrooms, 3 bathrooms (one ensuite) and two separate lounge areas & is of brick veneer construction. The seating around the large open fireplace offers stunning, views over the lake to Jindabyne & the majestic Snowy Mountains. The property has recently been refurbished with new furniture, carpet and a fresh coat of paint with easy parking outside for boats (a rarity is this area) & cars. The landscaped gardens are watered by an irrigation system with an above ground pool in place for the warmer summer months. Winterwood currently operates as a holiday lodge with approvals in place to sleep 18 people but the zoning allows for many other uses including:- *continued use as a lodge,* further commercial development (with council approval), *use as a large residential home or * as a smaller home with attached flat/s the options are many and varied. This may be an ideal option for the self managed super fund, contact KFN today for further details.