Commercial Lifestyle Hotel Unit Investment for $179,000 (negotiable) rent paid directly to you!).
Bathurst St Hobart Tasmania
$179,000.00
Managed by world respected hotel management group 10 year lease (5 years remaining) with 6 (5 year options) CPI rent increases per annum (capped to 3%) No agents fees Added benefits of owning part of this 4 Star Hobart International Hotel include:- 4 Nights free accommodation per year at your own 4 star International Hotel (subject to availability) 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 ...secure your piece of the Tasmanian Holiday market by contacting Con Tastzidis NOW!
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