NEW 5 YEAR LEASE commencing on the 6th January 2018 to the 5th January 2023 and with 3 further 5 year leases available.
Only for the Savvy Investor is this unique opportunity to purchase within the Knox Punt Hill Serviced Hotel complex.
A Good, Strong, long term tenant, PUNT HILL KNOX occupies the entire complex as a serviced hotel, & have been present since January 2008 (10 years).
Currently returning $28,124.04per annum – That's a whopping $540per week, $2342.67per month.
Lease with yearly CPI reviews. No vacancy periods, no letting fees and the tenant pays the body corporate.
Do your research on your new strong, long term tenant, Punt Hill Serviced Apartments at www.punthill.com.au
The subject property also has strong future commercial potential, Lot G07 on the existing Plan of Subdivision is currently being used as the conference room for the complex and comes with 3 car parks on title. This space is twice the size of any other unit within the complex. This space could be one day developed into 2 separate apartments or a commercial office (or 2 or 3 offices) if the existing tenant, Punt Hill vacated. Excellent Ground Floor street facing space.
I have been instructed by the vendor to present all offer within the quote range.
M 0438 757 358