PRIME RECEPTION / approx 140m2 | LEASED INVESTMENT | PORTLAND VIC
An outstanding entry-level opportunity to secure a commercial-style investment within the established Quest Portland complex.
Positioned within one of Portland's leading accommodation providers, this reception area is leased by the hotel and forms an integral part of the accommodation business, servicing guests and supporting the day-to-day operation of the property.
Consisting of: front entrance and reception area, lounge and guest sitting room, male and female toilets, staff kitchen and rear office.
The space features walk-through doors which open directly to the terrace and inground swimming pool.
Providing a secure entry-level opportunity, fantastic for an SMSF fund or cash buyer seeking yield.
Rents are fixed with scheduled increases.
INVESTMENT HIGHLIGHTS
Established Quest Apartment Hotels location
Commercial-style investment investors only
Reception area positioned within the Quest Portland complex
Strong connection to the ongoing accommodation operation
Established regional tourism and corporate accommodation market
Portland is a key regional centre supported by tourism, industry, port and infrastructure activity
Centrally positioned close to shops, cafés, restaurants and Portland's waterfront
Long-term lease to June 2033 plus 5 x 5-year options
Scheduled rental increases
LEASE DETAILS
Price: $92,000
Current Rent: $10,407 per annum
Current Return: 11.31% Gross - 6.73% Net
Rent increases as follows:
June 2027 + 4% = $10,823 per annum 11.7% Gross
June 2028 Market Review
June 2029 + 4%
June 2030 + 4%
June 2031 + 4%
June 2032 + 4%
Lease Terms: Lease to 30/06/2033 plus 5 x 5-year options.
ESTIMATED OWNER OUTGOINGS
Council Rates: $720 per annum
Water Rates: $680 per annum
OC Sinking Fund: $2,811 per annum
Total Estimated Outgoings: $4,211 per annum
For further information, please contact Mandy Fountain on 0408 10 30 10.
DISCLAIMER
The information provided herein, and any further information supplied, is provided by way of example only. It is intended as general information only and is not to be construed as investment, legal or taxation advice. Potential investors are encouraged to seek the advice of their legal, financial and other advisors prior to investing, so as to determine whether this type of investment is suitable for their specific needs.
The information contained has been provided by third parties. Potential purchasers are advised to conduct independent due diligence to ensure its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate.
