Excellent INVESTMENT ONLY opportunity, on the eastern fringe of the CBD and only metres away from the city's spectacular beaches and other lifestyle attractions. Strong long term investment track record with the Adina Hotel group in place, this is the perfect set and forget investment. Comprises;
- Superior percentage investment returns to almost any residential investment in the Illawarra.
- Built 2008 with hotel lease in place to 2028.
- 43m2 hotel room style apartment with balcony.
- 5.72% NET Annual Return or 8.17% GROSS Annual Return, based on the advertised Price Guide, to the year ending December 2025.
- Perfect for Self-Managed Superfund (seek accounting advice).
- Ample eateries and bars within close proximity to the development.
- City Beach, Harbour, picturesque Wollongong Golf Club, WIN Stadium and Entertainment Centre all within 300m to 600m, further demonstrating why the hotel business has performed so well over many years.
- Hotel has access to concierge/reception, lap pool, gym and sauna facilities.
Disclaimer: We have obtained all information provided here from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations and satisfy themselves of all aspects of such information including and without limitation, any income, rentals, dimensions, areas, zoning, inclusions and exclusions.
