37-41 School Road, Eagle Point

2,723m² Land
909m² Floor Area
Price Undisclosed
Sold on 8th August 2018
Property Type: Hotel/Leisure

RARE INVESTMENT FREEHOLD OFFERING 9% RETURN

"Eagle Manor"
Truly unique and rare investment opportunity currently leased as a supported residential services facility. The building was custom built and comprises 30 bed residence, 2 dining areas, lounge, commercial kitchen, office, laundry and 3 bedroom manager's residence.
- Current rental of $117,000 per annum net
- 5 year lease commenced 30th October 2017
- 4 further terms of 5 years each
- Building 909 sqm (approx.)
- Land 2,723 sqm (approx.)
- General Residential Zone (GRZ)

Property Features:

  • Carpeted
  • Heating