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For Sale

5 Quality Brick Fully Furnished Units, St Helens 0/0 $799,000 the Lot, ROI 11% approx

70A Tully Street, St Helens, Tasmania

Summary


  • For Sale
    Status
  • St Helens
    Location
  • Tasmania
    State
  • $799,000 offers over
    Price
  • Guest House/B&B Property

Features


Bed and Breakfast Information

Description


Versatile units, currently let as overnight accommodation, could be permanent rentals and has potential to strata title as there are fire walls between each unit.

The vendor is very motivated to sell, say no more. Representing EXTRAORDINARY VALUE, Return on INVESTMENT and CAPITAL GROWTH POTENTIAL

Showing an excellent net return of approximately 11%, let as overnight short term accommodation, in excellent condition and presentation.

Comprising 4 x 1 bedroom and 1 x 2 bedroom units, unit 5 has been completely renovated, to a high standard, all have split system air-cons.

These units are under management in a holiday complex and enjoy a high occupancy. You can let them out permanently.

The layout is open plan living/kitchen, separate bedroom with birs, bathroom/laundry, undercover carport and a fire wall between each unit.

Low maintenance construction and landscaping, set on level block, within walking distance of the town center.

Representing a fantastic opportunity to secure a high return, in a low bank interest rate period.

Fully managed by a complex manager who looks after all aspects of the day to day running, there is less work for the landlord involved in current operation of these units as compared to permanent rentals.

This is a freehold property sale, contact Paul Scott ph 0477 771 098 or Praveen Pant ph 0432 256 682 pauls@businessbrokersnetwork.com.au INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS/PROPERTY AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF; Please Note: All figures quoted are approximate.