Bellevue, 19/203 Esplanade,
Lakes Entrance, VIC 3909
Hotel, Motel & Leisure
Key property information
Floor area
Tenure type
Sold on
Map of Bellevue, 19/203 Esplanade
9% RETURN ON OFFER
This excellent freehold accommodation unit high yielding investment is truly unique.
Located within the Bellevue on the Lakes Complex in the tourist destination of Lakes Entrance, this opportunity presents a strong investment opportunity whilst being situated across from the waterways of Lakes Entrance and the iconic Ninety Mile Beach.
Being offered for sale on a extremely attractive Management Rights agreement to a proven and well known national operator accommodation operator being Saltwater Properties Pty Ltd. The Management Rights terms and conditions are:
Initial minimum payment: $9,000 per annum plus GST (if applicable) and outgoings.
Initial term of agreement: 10 years
Further terms of agreement: 8 further terms of 5 years each
In addition to the above, there is the potential to earn more than the minimum payment (depending on the books/performance of the unit).
Located within the Bellevue on the Lakes Complex in the tourist destination of Lakes Entrance, this opportunity presents a strong investment opportunity whilst being situated across from the waterways of Lakes Entrance and the iconic Ninety Mile Beach.
Being offered for sale on a extremely attractive Management Rights agreement to a proven and well known national operator accommodation operator being Saltwater Properties Pty Ltd. The Management Rights terms and conditions are:
Initial minimum payment: $9,000 per annum plus GST (if applicable) and outgoings.
Initial term of agreement: 10 years
Further terms of agreement: 8 further terms of 5 years each
In addition to the above, there is the potential to earn more than the minimum payment (depending on the books/performance of the unit).
Additional information
External websites
Lakes Entrance, 3909 demographic data
The median household income for Lakes Entrance is $866, 38% lower than Regional Victoria's household income of $1,386. Lakes Entrance has an older age profile compared to the rest of Regional Victoria (median age 55 vs 43). Property ownership data shows 27% of property owners in Lakes Entrance have a mortgage.
5,145
Population
$866 per week
Median household income
55 years
Median age
Owners
Most residents
Families
Most households
03515233...
Bellevue, 19/203 Esplanade
Lakes Entrance, VIC 3909
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