HAMILTON VIC 3300
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- 15 Sep 2016
2151ML - A 33% Return on a New 25 Year Lease
- High yielding and best presented motel in Hamilton.
- Minimal competition.
- Continuing room for growth.
- . Ready for you to take it there.
- There's a $100,000 windfall to you at settlement. Now hasn't that got you curious?
Grange Burn is the flagship motel of Hamilton. The current owners have restored the profile of the property to 'best in the west'. And it's still growing.
It's a property that can be run through 'hands on' management or through quality onsite staff, with access to a very comfortable and updated three bedroom residence.
If you know anything about motels, you'll know this is a brilliant deal! Call us. Just call us.
Note: Unlike other states, Victorian leasehold purchases do not attract state stamp duty, the lessee is not responsible for the lessor's land tax, vendor's personal guarantees do not apply at transfer, compulsory market review occurs at start of every option, and rent can move downward.
Net profit $273,389 for 2014/15
Contact Reg Partington from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2151ML (quote when enquiring)
Location: Hamilton is at the base of the Southern Grampians and is ideally located between Melbourne and Adelaide. It is well serviced by major highways and has a regular daily air service to and from Melbourne. It has a current population of around 9,250 and is only 285 kms from Melbourne.
Hamilton, both the geographic and business hub of the region, has been the centre of a large and wealthy pastoral industry for over one hundred and sixty years and has grown to become a thriving country city. Exhibiting style and quality, with excellent shopping, diverse architecture, an outstanding art gallery and stunning botanic gardens, this gracious city offers a first class visitor experience.
Property Code: 1925
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information