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Tasmanian 4 Star International Hotel (strata) Unit SOLD OUT!!!

 

$150,000 Full Price!!! Over 99% SOLD. 7.2% return from Day One (rent paid directly to you!). 

Hobart Tasmania

$150,000.00

SOLD OUT

CONTACT US FOR EXCITING NEW PROJECTS - BEFORE THEY ARE ADVERTISED!

$150,000 full price!
Over 99% SOLD.
7.2% return from Day one (rent paid directly to your account)
To be managed by world respected hotel management group
10 year lease with 6 (5 year options) Choice of 140 units CPI rent increases per annum (capped to 3%)
No maintenance fees for first 3 years
No agents fees

Added benefits of owning part of this 4 Star Hobart International Hotel include:-
  • 10 year free membership to Hotel Benefits Club.
    This entitles you to massive savings on your holidays and business trips throughout the Asia Pacific region.
  • 4 Nights free accommodation per year at your own 4 star International Hotel (subject to availability)
  • Free legal costs
NOTE:  The location photos of Hobart and not photos from the hotel itself but photos of the surrounding areas.

Situated on the corner of Bathurst and Harrington Streets in the Hobart CBD. The Hotel has been one of the more consistent performers in the area and is seen as a landmark building in Hobart. Accor, who is currently managing the Hotel is well known as one of the world's leading operators which is based in Paris and employs 180,000 people worldwide over its over 4,000 hotels it operates.

The hotel will be kept to a high standard and all fixtures and fittings will be maintained to the highest level as set by this international hotel brand. The only cost to the investor is a maintenance fee which commences after 3 years. This is set at 6.8% of the rental return (ie 6.8% of the total rent received for the year with the base year 1 being $712 pa and increasing with cpi to a max cap of 3% pa)and increased at the same rate.

The hotel underwent a $2.3 million dollar refurbishment in 2001 with an additional $270,000 in the past 3 years!

QUESTIONS OFTEN ASKED!
  • What do I exactly own?
    You will own one of the 140 accommodation units of the hotel.
  • Can I sell my suite?
    Yes, you can offer your unit for sale at any time subject to the terms of the lease.
  • How will I be paid?
    The current hotel owner will pay rent direct to your account monthly.
  • Do I pay GST on my investment?
    The purchase is considered as a going concern and is therefore not subject to GST (purchasers are advised to check with their accountants applicable to their investment).
  • Who maintains the suite?
    All maintenance will be carried out by the operator without the need to contact you

Why Invest in Tasmania..........extract from American Australian Business Web Site
"Key economic facts
  • The Tasmanian economy is forecast to grow by 3.25% in the 2005/6 financial year, with 6000 new jobs created
  • Since January 1999 more than 25,000 jobs have been created – a significant number given Tasmania’s labor force is around 230,000
  • Tasmania is now the second lowest taxing state in the nation – second only to Queensland
  • Tasmania is rated number one in Australia in areas such as direct labor costs, labor turnover, business licensing costs and planning and industry-based costs
  • Tasmania has the lowest level of industrial disputation of any state or territory
  • Tasmania’s unemployment rate has plummeted to 6.1% from 10.2% back in 1997 • Since 1998 the Tasmanian Labor Government has eliminated all General Government Net Debt – totaling A$1.6bn
  • Tasmania has received three credit rating upgrades since 1998 – two from Standard and Poors and one from Moody’s. Moody’s updated Tasmania from Aa2 to Aa1 in 2003 and Standard and Poors from AA to AA+ in 2004
  • Tasmania’s population is now growing at more than 4000 a year
  • Confidence among small and medium businesses in Tasmania is outstripping the national average by nine points
  • In the year between June 2003 and June 2004 the number of small businesses in Tasmania increased by 11.8%" The web site also continues to talk about Tasmania's Tourist Boom

""Tourism boom Thanks to the best ever sea and air access into the state, Tasmania is experiencing record visitor numbers and a booming tourism industry. The purchase of three super fast ferries has transformed the Tasmanian tourism industry forever and has dramatically increased visitor numbers to the state. They have also provided new opportunities for the movement of freight. Tasmania is now welcoming nearly 800,000 visitors each year, attracted by the state’s World Heritage wilderness, stunning natural beauty, gourmet food and wine, unhurried lifestyle, world-class trout fishing, friendly locals and cultural attractions. Visitors to the state nearly double the number of those eight years ago. Tasmania’s record visitor numbers have seen a boom in tourism development. At present there is more than A$900m in tourism-related development either planned or under construction. Tasmania offers travelers a safe and affordable, rejuvenating holiday experience in one of the most unique and unspoilt locations in the world. Andrew Davies, writing in UK newspaper The Guardian in late 2001, stated that, “no area in Australia has more scenic beauty, more pastoral pleasure packed into it than the place they call the Natural State.”
This affordable investment is selling fast..140 units have been sold....secure your piece of the Tasmanian Holiday market by contacting Con Tastzidis NOW!  

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