I represent a number of investors looking to sell their investment properties in the Oaks Hotel in the Perth CBD.
These hotel room units are leased direct to Oaks Perth Hotel, which is part of Minor Hotels Group an international hotel owner, operator, and investor headquartered in Bangkok, Thailand, with more than 550 hotels in over 55 countries across Asia-Pacific, the Middle East, Africa, the Indian Ocean fringe, Europe, and the Americas.
The current leases commenced on these properties on the 18 August 2023 and expire on the 17th of August 2033, there are a further 3 x 10 years options.
The current base rentals vary from 15,290 to $18,490 per annum plus $3,000 per annum contribution towards outgoings by the Oaks Hotel plus a yearly fixed 2.5% rent increase.
Oaks operates a reception, lobby, restaurant, bar and conference rooms on the ground floor, the hotel also offers laundry facilities on each level to guests.
Located just 100m from the Murray Street Mall and Perth underground Train Station, Hay Street Mall and the free CAT bus at your door, you are surrounded by luxury shopping Gucci, Louis Vuitton, Watches of Switzerland the list goes on, Raine Square is over the road, restaurants, cinema, retail shops, plus all the other activities that the CBD has to offer are all close, as are the major Mining, Oil and Gas company Headquarters.
With all these positives as you can imagine occupancy levels, we understand to be at the high end of industry standards.
This secure investment will return you in the area of 6.5% and is truly a set and forget investment.
Call me anytime to discuss these investment opportunities.
