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5/142 Marine Parade
Lakes Entrance VIC 3909
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Sold on 14 Oct 2019

5/142 Marine Parade Lakes Entrance VIC 3909

  • Hotel, Motel, Pub & Leisure
  • 1 m²
  • Sold

OFFERING AN 8% RETURN

This excellent two bedroom freehold accommodation investment is truly unique.

Located within the Bellevue on the Lakes Complex in the tourist destination of Lakes Entrance, this opportunity presents a strong investment opportunity whilst being situated across from the waterways of Lakes Entrance and the iconic Ninety Mile Beach.

Being offered for sale on a extremely attractive Management Rights agreement to a proven and well known national accommodation operator. The Management Rights terms and conditions are:
Initial minimum payment: $18,000 per annum plus GST (if applicable) and outgoings.
Initial term of agreement: 10 years
Further terms of agreement: 8 further terms of 5 years each

In addition to the above, there is the potential to earn more than the minimum payment (depending on the books/performance of the unit).

Property Highlights

Date Sold14 Oct 2019
Floor Area1 m²
Land AreaAsk Agent
ParkingAsk Agent
Property ID2014022885
Category
Last updated  10 Dec 2019
Map for 5/142 Marine Parade Lakes Entrance VIC 3909

Property Highlights

Date Sold14 Oct 2019
Floor Area1 m²
Land AreaAsk Agent
ParkingAsk Agent
Property ID2014022885
Category
Last updated  10 Dec 2019

Co-Agents

Matt Baylis
Matt Baylis
King & Heath First National Bairnsdale
Call
03 5152 3311
Chris Howlett
Chris Howlett
King & Heath First National Bairnsdale
Call
03 5155 1201

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