- First time offered for 23 years
- Brilliant location with 60 metres of Lake Frontage and 130 metres of sealed road frontage
- 10 X 1 bedroom cabins (5 X 2 duplexes) with bathrooms & limited kitchen facilities
- The restaurant/meeting hall is 200 sqm plus verandah areas. There is seating for 60 people and has a bar area, an open fire and a dance floor/lights.
- The commercial kitchen includes a WI cool room, cappuccino machine, TV boosters, cabinet refrigeration, stainless steel fit out and commercial equipment.
- Town water and town sewer are connected with all other services also connected.
- A fibreglass in ground pool adjoins the main recreation hall.
VENDOR FINANCE
The owner will provide vendor finance on $500,000 deposit
A further $400,000 in two year's time with 5% interest on outstanding balance
The final $400,000 in four years time with 5% interest on the outstanding balance.
AGENTS NOTES
The complex has been owned by a group of families for 23 years and used mainly for their use over the period of ownership. The cabins have been let out at certain times but not as a commercial operation.
The buildings are in need of refurbishment, as is the hall/restaurant/commercial kitchen and the in ground pool.
The Residential Tourist zoning allows for redevelopment to serviced apartments, recreational facilities, residential plat building and other tourist related uses.
The opportunity to purchase the complex at a price reflecting its current condition gives the buyer a blank canvas to use the restaurant/recreation hall for weddings, conferences and as a commercial restaurant. Subject to council approval further accommodation units can be constructed.
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