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Launceston, TAS 7250
Hotel, Motel & Leisure • Shops & Retail • Offices
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HIGH YIELDING ⁺10% INVESTMENT - 10+10+5 YEAR LEASE - SUBSTANTIAL PROPERTY - NET RENT $234,050 p.a
Presenting as an excellent freehold investment opportunity, this securely leased and well established Launceston motor inn comprises a large land holding of some 6362 sq metres, 49 motel units, manager's unit, assistant manager's flat, restaurant, conference facilities and more, all well maintained and presented. The current lease, for up to 25 years, commenced 1 July 2005
and returns $234,050 p.a net rent - CPI reviews apply each year together with market reviews quinquennially. An excellent investment opportunity providing above average return. OFFERS AT/AROUND 10% YIELD INVITED - CONTACT IAN SINGLINE FOR FURTHER DETAILS
and returns $234,050 p.a net rent - CPI reviews apply each year together with market reviews quinquennially. An excellent investment opportunity providing above average return. OFFERS AT/AROUND 10% YIELD INVITED - CONTACT IAN SINGLINE FOR FURTHER DETAILS
Property ID: 5721102Last Updated: 5 Dec 2013
04198208...
Address available on request
Launceston, TAS 7250
Shepherd & Heap Pty Ltd - LAUNCESTON49 Cameron Street
LAUNCESTON, TAS 7250
LAUNCESTON, TAS 7250
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124 George Street,Launceston, TAS 7250 646 m²Hotel, Motel & Leisure • Offices • Shops & Retail