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.