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

Hotel, Motel & Leisure • Development Sites & Land • Other

Key property information

Land area

Floor area

Property extent

Tenure type

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Map of Motel, 14-16 Settlement Road (Princes Highway)

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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

Belmont, 3216 demographic data

The median household income for Belmont is $1,517, 9% higher than Regional Victoria's household income of $1,386. Belmont has a younger age profile compared to the rest of Regional Victoria (median age 37 vs 43). Property ownership data shows 49% of property owners in Belmont have a mortgage.

15,066

Population

$1,517 per week

Median household income

37 years

Median age

Owners

Most residents

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Most households