Looking for somewhere to park your money with a clean 5% NET return (approx.), no outgoings and no maintenance costs? If your answer is yes then look no further than unit 129 in the Best Western Hobart.
The unit is leased back to Best Western until October 2033 (with an option to extend to 2043) and unit returns are calculated on the Hotel's whole accommodation and car parking revenues regardless of this specific unit's individual occupancy rate.
Best Western pay for all outgoings including rates, strata fees, maintenance, and even Land Tax. It really is a set and forget investment perfect for the investor just starting out, or to add to your self-managed superannuation fund. Buy in and reserve your place in Australia's hottest growth capital city that is well and truly on the international radar.
Being an owner entitles you to stay at the hotel for 4 nights of the year and discounts across the Best Western chain.
Best Western Hobart has all of the modern conveniences one would expect in a hotel including gym, conference / function rooms, bar and restaurant.
Be quick to avoid disappointment, these units are tightly held.
Please note, photos provided by Best Western Hotel and images shown may not be of the specific unit 129 but do provide a close example.
* Rent based on Hotel accommodation revenues, historically around $11,170pa per unit (eight-year average) regardless of individual room occupancy rate
* 5% NET yield (approx.) in the heart of Hobart with long stable lease and potential for yield and capital growth over time
* outgoings and maintenance costs absorbed by Best Western Hotel (tenant)
* Built 1976
Property ID: #L19494070
