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VIC

  • Hotel / Leisure
  • 1 m²
  • For Sale, $1,600,000 plus GST if applicable

Inner City Bendigo Freehold Investment Motel - 7.5% Return Commencing

  • Freehold Investment
  • 7.5% Return
  • Thriving Regional City

INVESTMENT MOTEL FREEHOLD INNER CITY BENDIGO FIRST TIME OFFERED SINCE BUILT.
MODERN BRICK BUILDING WELL LOCATED ON MAIN HIGHWAY CLOSE TO CBD AREA.

COMPRISING 14 GROUND FLOOR MOTEL UNITS OF EXECUTIVE QUALITY AND SIZE PLUS DOUBLE STOREY RECEPTION AND THREE BEDROOMS RESIDENCE.

FIVE YEAR LEASE OPTION JUST RENEWED WITH FURTHER THREE OPTIONS OF 5 YEARS EACH. MOTEL TRADES WELL TO CORPORATE, WORKERS, TRAVELERS AND TOURISTS,
MAJOR EVENTS, ETC.

CURRENT ANNUAL RENT IS $ 120,513.72 NET OF GST WITH ANNUAL INCREASES TO CPI. NO PROVISION IN THE LEASE FOR MARKET REVIEWS.

PRICED AT $ 1,600,000 + GST if applicable.

EXCLUSIVE AGENT BOB McCormick 0408 510 938

CALL FOR FURTHER INFORMATION AND INSPECTION.

Property Highlights

Property ID2015432962
Floor Area1 m²
Land Area1 m²
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  10 Jul 2019
Map for VIC
Scott McCormick Real Estate
Level 1/459 Toorak Rd Toorak VIC 3142

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