A superb opportunity within the renowned IBIS Hotel chain, this studio apartment offers a secure long-term lease with guaranteed returns for the astute investor looking to bolster their burgeoning property portfolio.
Fully furnished and air-conditioned interiors comprise of BIRs, a TV, a desk, chairs, a fridge and a neat modern ensuite with a shower-over-bath. A complete hands-off investment where the tenant covers all outgoings and maintenance fees, the hotel complex includes a communal gym, a restaurant, a business/conference centre and a NW-facing open-air deck ideal to take in fresh air and glorious afternoon sunshine.
Current Rental: $7587 per annum
(with CPI increases every two years)
Options: 4x5 years
Outgoings Payable
Owner: Maintenance fund contributions of $330pa
Tenant: Owner corporate fees, Insurance, General Maintenance, Water Usage and Council rates.