14/203 Esplanade, Lakes Entrance, VIC, 3909

HIGH YIELDING INVESTMENT IN HOLIDAY HOTSPOT
This excellent freehold accommodation unit investment is truly unique. Located within the Bellevue on the Lakes Complex in the tourist destination of Lakes Entrance, this opportunity presents a strong investment opportunity whilst being situated across from the waterways of Lakes Entrance and the iconic Ninety Mile Beach.
Being offered for sale on a extremely attractive leaseback to a proven and well known accommodation operator. The leaseback terms and conditions are:
Initial rent: $11,000 per annum plus GST (if applicable) and outgoings
Initial term of lease: 10 years
Further terms of lease: 8 further terms of 5 years each
Rental reviews: CPI annually. Market review at the commencement of year 6 of the initial term of lease and market review at the commencement of any/each further term.

Property Details

  • Property ID 3981372
  • Price $140,000 + GST (if applicable)
  • Type Commercial
  • Street Address 14/203 Esplanade
  • Suburb Lakes Entrance
  • State VIC
  • Postcode 3909
  • Property Type Leisure
  • Building Size 1.00 Square Metres

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Matt Baylis

Matt Baylis

P: 03 5152 3311