Hotel/Leisure

52 - 56 Queens Parade, Traralgon, VIC, 3844

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  • Details
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Overview

  • For Sale
    $1,295,000 excl. GST
  • Floor Area
    1875 m2 (*approx)
  • Car Spaces
    22
  • Type
    Hotel/Leisure, Serviced Apartments
  • Tenanted Investment
    High Yielding Investment - 8.52%* Net

Property Details

High Yielding Investment - 8.52%* Net

- 5 year lease commenced 01/02/2018 with 2 further 5 year options.

- Current rent $111,100** p.a. with fixed annual increases.

- Tenant pays all usual outgoings.

- Iconic recreational facility.

- Freestanding building with total site area of approx. 1,875m2*.

- Outstanding location on the city fringe, onsite parking and further development potential (S.T.C.A).

- Easy ingress and egress to Princes Highway.

- Short walk to Traralgon's CBD and Railway Station.

- Building features large fitness centre, 25m indoor heated pool, open plan recreational area, separate group fitness room, manager's office and a range of change room facilities and other amenities.

* approx.

** Rental amount excludes rent payable by the owner to Victrack of $4,680 for land lease.

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