Very rarely does such an exceptional opportunity arise with such a low risk factor. On offer here are 11 various residential apartments, currently leased by Quest hotel for another 9 years with 2 x 5 years renewals.
This opportunity is a no brainer with current bank deposit rates so low, you can lock and leave your money in an investment with a solid guaranteed return of at least 4.7%. These apartments cannot be lived in or accessed by the owner as Quest Hotel holds the leases.
Available for sale are;
8 x Studio Units - asking $195,000 plus GST
1 x Exec Studio - asking $212,500 plus GST
2 x 2 Bed units - asking $400,000 plus GST
A detailed information memorandum is available on request.