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

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

Hotel/Leisure • Land/Development • Other
Sold Price

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Land area

3839.0m²

Floor area

1.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

09 May 2018

Freehold Motel Investment - High Underlying Land Value

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

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

Property ID: 502775710Last Updated: 10 Jul 2018

Agency contacts

Burgess Rawson - Melbourne

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Burgess Rawson - Melbourne

Level 7,140 Bourke Street
MELBOURNE, VIC 3000
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Burgess Rawson - Melbourne
Motel, 14-16 Settlement Road (Princes Highway) Belmont, VIC 3216

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,