Freehold Motel Investment – High Underlying Land Value

14-16 settlement road (princes highway), belmont vic

Price on Request

  • 10 Yr to 2024 + Option to 2034
  • Significant 3,839sqm Landholding
  • Tenant Pays Usual Outgoings

Property Details

Long 10 year lease to 2024 plus option to 2034
Highly experienced operators on-site for 8 years and in the industry for over 25 years
Significant Residential zoned landholding of 3,839 sqm with convenient access from the Princes Highway
Tenants pay all usual outgoings
Annual rent reviews
Immaculately presented and maintained facility including 15 rooms, ample parking, playground, bbq facilities, swimming pool & managers residence
Strategic location directly opposite numerous national retailers, direct access to Geelong CBD and 700 metres to High Street Shopping Centre
Single tenant minimum management investment
Greater Geelong: Current resident population of 247,068 with forecast 32% growth to 325,000+ by 2036 (500,000 by 2050)
Rent: $107,854 pa

Auction 11am AEST Wednesday 9 May 2018
River Room, Crown Casino, Melbourne

Featured Details

Current Tenant Tenanted
Gross Building Area 1 sqm
Land Size 3,839 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: VIC001969

Thank you for showing interest in us.

Contact Details

Office Details

Level 7, 140 Bourke Street, Melbourne VIC 3000

T 03 9613 0400 E

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