Located in the heart of Launceston just metres from the city centre we have a fantastic investment opportunity to purchase a strata titled unit offering high yield low risk investment in an iconic Launceston Hotel. Due to a long term blue chip lease (20 years) in place with the world-renowned Best Western hotel chain maintaining a 4.5 star rating.
The numbers really stack up on this one with the tenant responsible for all maintenance of the room and building, nightly letting of the room, paying of all outgoings and all for a small monthly % amount leaving you with an average of a massive 6 to 7 % net annual return with dividends that are paid to you monthly you even get 4 free nights at the complex per year to enjoy.
Putting this all together this could be your next great investment opportunity for the savvy investor and a welcomed low risk investment opportunity for a balanced portfolio. To discuss in more detail or for more information give Deb or Robert a call today.
