Lakes Entrance, VIC 3909

This property is not currently for sale or rent on https://kingheath.com.au
1m² Floor Area
Property Type: Hotel/Leisure

GREAT 8% RETURN ON OFFER

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).

Property Features:

  • Exhaust
  • Kitchenette

Suburb Profile

Lakes Entrance

Lakes Entrance VIC 3909