Freehold motel with 35 year lease
Freehold motel with 35 year lease
136 Bealey Avenue, City
136 Bealey Avenue, City
Private Treaty
Private Treaty
Listing ID 5511138
Image
Details
For Sale by Deadline Private Treaty Thursday, 05 December (unless sold prior)
| Floor area | 720sqm |
| 12 spacious units | And managers residence |
| 35 year lease | From February 2016 |
| Highly favoured | Motel location |
| Motivated | And experienced on site management |
| Passive | Income provides long term security |
| Refurbishment | Near completion |
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.
Details
For Sale by Deadline Private Treaty Thursday, 05 December (unless sold prior)
| Floor area | 720sqm |
| 12 spacious units | And managers residence |
| 35 year lease | From February 2016 |
| Highly favoured | Motel location |
| Motivated | And experienced on site management |
| Passive | Income provides long term security |
| Refurbishment | Near completion |