99 Pine Avenue, Mildura VIC 3500

This exceptional property is anchored with proximity to every amenity you could imagine, including the Mildura CBD, riverfront, schooling and transport. With the flexibility of occupying or investing; the potential is endless.

475m2 of *college lease* land in the heart of Mildura with increasingly rare rear-lane access, adjoining your 10mx8m shed with automatic roller-door. A solid and appealing front facade generates appeal from the outset and couples with a clever floorplan to provide the perfect inner-city lifestyle. The 3 comfortable bedrooms all contain BIRs, with the Master Bedroom enjoying an outfitted ensuite and direct access to the property's alfresco courtyard. The open-planned kitchen, dining and meals area overlooks your outdoor entertaining fully fenced rear yard. This area, along with the second lounge, makes the most of the usable space.

*College lease* is a scheme set up by the Mildura region's founders, the Chaffey Brothers, over 100 years ago, and consisted of 184 commercial and residential properties that are subject to the lease. Basically, you own the improvements on the land, but not the land itself. The land is owned by the local school body and leased back to you. The owner then must pay a lease fee which is determined by a percentage of the freehold's unimproved land value, and all outgoings.