19/203 Esplanade, Lakes Entrance

34m² Floor Area
Price Undisclosed
Sold on 23rd December 2019
Property Type: Hotel/Leisure

9% RETURN ON OFFER

This excellent freehold accommodation unit high yielding 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 operator accommodation operator being Saltwater Properties Pty Ltd. The Management Rights terms and conditions are:
Initial minimum payment: $9,000 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).