SOLID INVESTMENT, THE RITZ CAFE
SECURE INVESTMENT IN AN ICONIC BUILDING TENANTED BY COLLECTIVE HOTEL MANAGEMENT
– New 10 year lease with 8 further terms of 5 years
– Rental income $59,000 pa (net)
– Annual rental reviews
– Building area 72m2* + onsite car park
– Significant depreciation & investment allowances
– Prominent corner site close to the waterfront
– Café underpinned by 127 room 4.5 star hotel, The Ritz
– Neighbouring the well established and well patronised Vue Apartment Hotel (59 rooms)
– Northeast views over Austin Park and Corio Bay
– Due for completion end 2020
SET AND FORGET
*Approx.