Looking for somewhere to park your money with around a 5% to 6% NET return (approx.), no outgoings and no maintenance costs? If your answer is yes then look no further than unit 226 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 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 have been provided by Best Western Hotel and images shown may not be of the specific unit 226 but do provide a close example.
* Rent is calculated based on Hotel accommodation revenues (the ten year average is $11,304 pa per unit NET to unit owners)
* 5% to 6% NET yield (approx.) in the heart of Hobart with long stable lease and
