637 Esplanade, Lakes Entrance

1m² Floor Area
Price Undisclosed
Sold on 9th September 2015
Property Type: Hotel/Leisure

LAKES ENTRANCE FREEHOLD

Located in one of Victoria's renowned premier tourist destinations, close to all amenities and the Ninety Mile Beach footbridge, this well presented motel offers an attractive gross yield of 7.2%.
The current lease details:
Lease Term:
5 Years commencing 18/11/2012
Options:
2 x 5 Years
Current Rental:
$59,184 inc GST
Increases:
CPI
Offering 8 motel rooms, 2 x 2 bedroom family rooms, spa room and a 3 bedroom residence with large lounge/dining room with separate office. The property is well maintained by current leasehold owners.

Inspections welcome by appointment

Michael Walstab
Accommodation and Business Broker



Suburb Profile

Lakes Entrance

Lakes Entrance VIC 3909

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Brochure


Suburb Profile

Lakes Entrance

Lakes Entrance VIC 3909

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