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Sold Property
$210,000
Colin Miller Harcourts Hobart
Looking for somewhere to park your money with a clean NET return, no outgoings and no maintenance costs? If your answer is yes then look no further than suite 302 in the Best Western Hobart.
Currently leased back to Best Western until October 2033 (with an option to extend to 2043) net of any GST, and regardless of this specific unit's individual occupancy rate. Best Western pay for all outgoings including rates, strata fees, maintenance, and even Land Tax. It really is a set and forget investment perfect for the investor just starting out, or to add to your self-managed superannuation fund. Buy in and reserve your place in Australia's hottest growth capital city that is well and truly on the international radar.
Being an owner entitles you to stay at the hotel for 4 nights of the year and discounts across the Best Western chain.
Best Western Hobart has all of the modern conveniences one would expect in a hotel including gym, conference / function rooms, bar and restaurant.
Please note, photos provided by Best Western Hotel and images shown may not be of the specific unit 302 but do provide a close example.
▪ Rent based on Hotel accommodtion revenues, historically $12,500 (average) regardless of individual room occupancy rate
▪ 6% NET yield in the heart of Hobart with long stable lease
▪ outgoings and maintenance costs absorbed by Best Western Hotel (tenant)
▪ Built 1976
* Please note as this unit is tenanted (by the Best Western) there is no opportunity to occupy it as a residence
Property ID: #THS25575
Office
Sold Property
Looking for somewhere to park your money with a clean NET return, no outgoings and no maintenance costs? If your answer is yes then look no further than suite 302 in the Best Western Hobart.
Currently leased back to Best Western until October 2033 (with an option to extend to 2043) net of any GST, and regardless of this specific unit's individual occupancy rate. Best Western pay for all outgoings including rates, strata fees, maintenance, and even Land Tax. It really is a set and forget investment perfect for the investor just starting out, or to add to your self-managed superannuation fund. Buy in and reserve your place in Australia's hottest growth capital city that is well and truly on the international radar.
Being an owner entitles you to stay at the hotel for 4 nights of the year and discounts across the Best Western chain.
Best Western Hobart has all of the modern conveniences one would expect in a hotel including gym, conference / function rooms, bar and restaurant.
Please note, photos provided by Best Western Hotel and images shown may not be of the specific unit 302 but do provide a close example.
▪ Rent based on Hotel accommodtion revenues, historically $12,500 (average) regardless of individual room occupancy rate
▪ 6% NET yield in the heart of Hobart with long stable lease
▪ outgoings and maintenance costs absorbed by Best Western Hotel (tenant)
▪ Built 1976
* Please note as this unit is tenanted (by the Best Western) there is no opportunity to occupy it as a residence
Property ID: #THS25575
Colin Miller Harcourts Hobart
Office Harcourts Hobart
If you like what you see, but know you'll need to sell before buying, why not find out what you could be sitting on today with an instant Digital Property Appraisal, highlighting the market value including the recent sales, rental history, suburb insights and more.
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