Investment Opportunity like no other!
Hotel/Leisure Sold - Melbourne VIC
This hotel suite offers an investor a return over a long term lease difficult to find elsewhere. Recently occupying the property in May 2022 with four further options of five years thereafter with the next five year term in May 2027. These long term leases are rare to find and ever rarer to find with an incredible yield. Currently being used as a hotel you can expect it to be maintained immaculately. Located in a position along St Kilda Rd that is a desired position for Melbourne visitors to stay and enjoy everything this great state has to offer.
* Long term lease in place $13200 per annum approx lease
* Two balconies with views
* 50% administration fund paid by tenants
* Open plan room
* Galley kitchen
* Modern sparkling bathroom
* Secure entrance
Be quick to enquire!