Sold for $159,500
Sold for $159,500314/3 Earl Street, Launceston TAS 7250
•
Property was sold on 13 August 2018.
Sold on 13 August 2018.
1 bed
1 bath
Apartment / Unit
26m²
1
1
•
Apartment / Unit
26m²
We are pleased to present this fantastic, long term investment opportunity to purchase a unit in a well known Launceston City Hotel and have it permanently leased on a long term basis to the hotel! ** Long term blue chip lease (20 years) to Best Western - 4.5 star hotel. ** 6-7% NET return - all outgoings including capital paid by the tenant. ** Substantial depreciation benefits - reduce tax payable (seek independent advice). ** Bank guarantee in place. ** 4 free nights included per year at the hotel in Launceston or Hobart. Please drop us an email or give us a call. I would love to have a chat to you about this exciting opportunity and send you an information pack on the money you could be earning from this investment! Don't forget, at the end of the day you own the room on a strata title too!