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

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

Hotel/Leisure Land/Development Other

  • Sold Contact Agent
  • Wed 09-May-18

Freehold Motel Investment - High Underlying Land Value

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

  • Land Area
  • 3839.00 m² (approx)
  • Floor Area
  • 1 m²
  • Tenure Type
  • Tenanted Investment
  • Building
  • Whole
  • Last Updated
  • May 17, 2018

Interested in this property? Contact an Agent today

Burgess Rawson - Melbourne

Level 7,140 Bourke Street

Melbourne Vic 3000

Shaun Venables, Burgess Rawson - Melbourne
Shaun Venables
Terry Board, Burgess Rawson - Melbourne
Terry Board
Scott Meighan, Burgess Rawson - Melbourne
Scott Meighan

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

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

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