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OFFERING AN 8% RETURN

5/142 Marine Parade, LAKES ENTRANCE VIC, 3909

For Sale

Property for Sale in 5/142 Marine Parade, LAKES ENTRANCE VIC, 3909

First National Commercial King & Heath

125 Main Street, Bairnsdale, VIC 3875

Listing ID:
11273547
Status:
Active
For:
Sale
Price:
$215,000 + GST (if applicable)
Last Updated:
06/11/2019
Icon building

Property Type

Hotel/Leisure
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Land Area

0 SQM
Icon size

Floor Area

1 SQM
Icon parking

Parking

N/A

OFFERING AN 8% RETURN

This excellent two bedroom freehold accommodation investment is truly unique.

Located within the Bellevue on the Lakes Complex in the tourist destination of Lakes Entrance, this opportunity presents a strong investment opportunity whilst being situated across from the waterways of Lakes Entrance and the iconic Ninety Mile Beach.

Being offered for sale on a extremely attractive Management Rights agreement to a proven and well known national accommodation operator. The Management Rights terms and conditions are:
Initial minimum payment: $18,000 per annum plus GST (if applicable) and outgoings.
Initial term of agreement: 10 years
Further terms of agreement: 8 further terms of 5 years each

In addition to the above, there is the potential to earn more than the minimum payment (depending on the books/performance of the unit).

For more details, please email agent

First National Commercial King & Heath

125 Main Street, Bairnsdale, VIC 3875


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