Looking for an easy investment with a long-term lease and strong returns? This 1 bedroom unit in Best Western Hobart offers just that.
Income is approximately 6% gross yield (5% net) and a lease secured until June 2035, with an option to extend to June 2045.
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.
Best Western Hobart features modern conveniences such as conference/function rooms, a bar and restaurant, making it a sought-after destination for visitors.
Each bedroom has a separate balcony with scenic views to Hobart City.
Best Western is situated within easy access to Central Hobart, Salamanca Markets and the Waterfront.
Owners are responsible for council and water rates and a Strata Levy contribution, currently estimated at approximately $1,889 per unit per year.
Photos have been provided by Best Western Hotel and may not depict the specific unit 412 but offer a close
