Bellevue, 5/142 Marine Parade,
Lakes Entrance, VIC 3909
Hotel, Motel & Leisure
Key property information
Floor area
Tenure type
Sold on
Map of Bellevue, 5/142 Marine Parade
OFFERING AN 8% RETURN
This excellent two bedroom freehold accommodation 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 accommodation operator. The Management Rights terms and conditions are:
Initial minimum payment: $18,000 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 accommodation operator. The Management Rights terms and conditions are:
Initial minimum payment: $18,000 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, 5/142 Marine Parade
Lakes Entrance, VIC 3909
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