A rare opportunity has become available with the chance to purchase a leasehold absolute riverfront shack for the next 49 years from a private vendor, with the parcel of land being owned by the Rural City of Murray Bridge.
The shack consists of two double bedrooms (shack sleeps 8-10), with all contents of the shack to be sold with the property (walk-in, walk-out).
There is a large open-planned living area and an original kitchen, as well as a separate toilet and wet area.
There are front and rear verandah areas, as well as a concreted, fully enclosed double carport or boat storage area off one side of the shack, and a large undercover verandah/pergola area down the other side of the shack that houses an outdoor spa, and plenty of room for entertaining. Rainwater is connected to the shack and there is a boat landing area.
All of this just two minutes drive from the central hub of Murray Bridge, or a short stroll from town.
JUST TWO VERY IMPORTANT ISSUES TO NOTE- before enquiring about this very cheap riverfront leasehold real estate
1/ The lease from the Rural City of Murray Bridge is until January 1 2059 ONLY, and will not be extended, which means that after that date, whoever owns this property at that point will return it to the Rural City of Murray Bridge with NO COMPENSATION PAID
2/ No improvements that require council approval on the property will be allowed during the period of lease from the Rural City of Murray Bridge