5/142 Marine Parade, Lakes Entrance

1m² Floor Area
Price Undisclosed
Sold on 6th December 2019
Property Type: Hotel/Leisure

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).

Property Features:

  • Exhaust
  • Kitchenette