SALE VIC 3850
UNDER CONTRACT (under offer)
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- 3 Mar 2017
1854ML - AN EXCELLENT RETURN - THE FUTURE IS LOOKING GOOD
- Just over two hours from Melbourne.
- Highway position.
- 30 rooms offering standard and superior presentation.
- A 30% return on a long 25 year lease.
Captialise on this corporate branding. Ibis Sale continues to grow in the regional city. Current profit is driven by both strong corporate and domestic accommodation demand. The property offers potential for growth through marketing of its other hospitality services.
Sale continues to be the service centre for the gas and oil rigs over the horizon of Bass Strait. Ibis Sale already benefits from the big Federal Government spend making Sale's RAAF base - the new centre of all military air training.
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 $212,535 for 2015 calendar year
Contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1854ML (quote when enquiring)
Location: Located in the centre of Gippsland, Victoria approximately 260 kms east of Melbourne, Sale is the gateway to East Victoria, the Gippsland Lakes, 90 Mile Beach, mountains and many other exciting tourist destinations. Sale has a population of close to 14,250, projected to increase to over 14,000 by the year 2021. Part of the Wellington Shire, Sale has a diverse industry including agriculture, retail and professional services, and companies including the Esso (Longford Gas Plant), Nylex Plastics Factory and the East Sale RAAF base.
With its rich history, beautiful parks and lakes and wide variety of services, Sale is a great place to live. Residents have the freedom and relaxed atmosphere of the country, with all the convenience of a city. Being centrally located, Sale is the perfect base for tourists wishing to visit the many geographical and manmade destinations of Eastern Victoria.
The city has a major regional hospital, five major banks, eight service stations, seven pubs and nightclubs, many places to stay and three major supermarkets. Sale's main street has over 180 shops including all major banks, many alfresco dining cafes and food outlets as well as convenience stores and service providers. The Gippsland Centre shopping complex with major national and regional retailers is located adjacent to the street.
Property Code: 2157
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