Commercial Property - Tasmania - LAUNCESTON

$10,500 Annual Return

This Launceston hotel is yet another freehold property investment created by Lanco that makes investing in real estate easier than ever.

By investing your days of chasing rent, expensive maintenance, vacancy, letting costs and all the other heartaches of investing in property are gone.

Lease.
You are buying a freehold, strata-titled suite with a 10 year commercial lease with six 5year options - an extremely safe and secure lease.

Rental.
Your base rental is $10,500 p.a and contains annual increases of up to 3% indexed to CPI. - your investment return is secured whether your room is occupied or vacant.

Costs.
As with other commercial property leases the tenant pays the outgoings, including all rates, insurance and body corporate fees. The only cost to you as an owner will be maintenance. This fee will start in the fourth year and be a maximum of $781 p.a - this fee is paid yearly after the fourth year and is taken out of your rent.

Benefits.
As an owner you will receive 4 nights accommodation per year in the Hotel

With over half allready sold the property has been extremely popular

Call Blake Shepherd on 0417 820 820 for further information.

Shepherd & Heap Pty Ltd - Auctioneers & Estate Agents

39 Paterson Street
LAUNCESTON 7250

Phone Agent

Office Phone: 0417 820 820 Listing Agent/s:
Blake Shepherd 0417 820 820

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