WATERFRONT RETREAT AT WATTLE POINT is an exclusive waterfront bush retreat set on 20 acres with direct frontage to Lake Victoria. The final lodge is just being completed so there are now 19 lodges and a managers residence, a pool /spa centre, conference facility, tennis court and jetty. The Retreat has been purpose designed for tourism and all the lodges are available for purchase by private investors. Investors can purchase the lodges in part or full using their super funds and Investors also have the added bonus of personal use of the lodge! One week per year FREE, additional times by paying the management what they would have earnt.

Because the retreat is registered as an investment strategy the units can be purchased using super ( either 100% or part). The super fund then enjoys the equity growth as well as the monthly return.With building 17 ( two one bedroom lodges under 1 roof), are being offered for sale. From no bookings 3 years ago the retreat shows 90 – 100% occupancy for long weekends/ holiday periods, 70-80% occupancy for normal weekends, and its only midweek off season that drops to 30-40% ( and it is those times which are being targeted with the conference centre) The conference centre was opened in AUGUST 2008 and is already showing a strong and growing return ( between August and December there were 5 conferences and a wedding.)The building being offered for sale has two 1 bedroom/ 1 bathroom split level lodges. These are designed for couples, each one bedroom lodge will rent out as follows:$200 per night standard times (Feb 1- dec 22) $260 per night peak times (dec 23- Jan 31) $440 per weekend ( Friday to Sunday).

The actual return to the building is double!! There is one building the same already opperating that was opened late december 2009 and its actual returns were $56,000 for the 12 month period (gross).

Property Code: 177