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Freehold Motel Investment - High Underlying Land Value

14-16 Settlement Road (Princes Highway), BELMONT VIC, 3216

Sold

Property Sold in 14-16 Settlement Road (Princes Highway), BELMONT VIC, 3216

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11293766
Status:
Sold
Price:
Price on Request
Last Updated:
16/03/2020
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Property Type

Hotel/Leisure/Land/Development/Other
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Land Area

3839 SQM
Icon size

Floor Area

1 SQM
Icon parking

Parking

N/A

Freehold Motel Investment - High Underlying Land Value

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

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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