Freehold motel with 35 year lease


136 Bealey Avenue, City

Private Treaty

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Freehold motel with 35 year lease | 136 Bealey Avenue, City | 5511138 |      X Close
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Description

Freehold motel with 35 year lease


Deadline Sale

4pm, 5 December 2019

(unless sold prior)

- Highly favoured motel location

- Significant refurbishment recently undertaken

- 15 spacious studio units and two bedroom manager's residence

- 35 year lease from February 2016

- $138,000 + GST and OPEX pa with two yearly reviews.

Freehold motels rarely come onto the market. This popular location with an attractive lease provides the next owner with a long term passive income.

Retiring vendor is motivated for a sale by deadline date.

136 Bealey Avenue, City

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