Looking for an easy investment with a long-term lease and strong returns? Unit 226 in the Best Western Hobart offers just that, with an approximate 6% gross yield (5% net) and a lease secured until October 2033, with an option to extend to 2043.
Returns are calculated based on the hotel's total accommodation and car parking revenue rather than this unit's individual occupancy rate, ensuring a more stable income stream (the ten-year average is $11,304 p.a. per unit net to owners).
Best Western Hobart features modern conveniences such as a gym, conference/function rooms, a bar, and a restaurant, making it a sought-after destination for visitors.
Owners are responsible for council and water rates, a sinking fund contribution, and insurance costs, currently estimated at approximately $2,023 per unit per year.
These units are tightly held, so secure your investment today.
• Photos have been provided by Best Western Hotel and may not depict the specific unit 226 but offer a close example.
• Rent is calculated based on hotel accommodation revenues (the ten-year average is $11,304 p.a. per unit net to owners).
• Estimated 6% gross yield (5% net) in the heart of Hobart, with potential for long-term growth.
• Owners contribute to council and water rates, a sinking fund, and insurance (approx. $2,023 per unit per year).
• Built in 1976.
• Interested in purchasing multiple units? Let the agent know.
Disclaimer: Every effort has been made to ensure the accuracy of the information contained herein. While there is no reason to doubt it's accuracy, guarantee cannot be assured. The content is intended as advice, and such as cannot be taken as absolute fact. Any and all imagery displaying outlines, measurements or locations are approximate for marketing purposes only. Please refer to the title documents supplied. Accordingly, all interested parties should make their own enquiries to verify this information.
