Newly refurbished passive investment, long lease, showing 8.5% return!
This freehold passive investment has been refurbished to a high standard and comes with an increase only, rent review on a long term lease. Perfectly positioned for a diverse clientele that moves through Grafton which delivers consistent revenue.
- 30 unit fully refurbished motel
- Extra land for more units
- Long term lease with experienced operators
- Tenant pays all outgoings
- Rent in line with industry averages
- 8.5% CPI increases
- Rent review every 5 years that can only increase!
- Property inspections are by appointment only
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