226/156 Bathurst Street, Hobart, TAS 7000

Looking for somewhere to park your money with around a 5% to 6% NET return (approx.), no outgoings and no maintenance costs? If your answer is yes then look no further than unit 226 in the Best Western Hobart.

The unit is leased back to Best Western until October 2033 (with an option to extend to 2043) and unit returns are calculated on the Hotel's whole accommodation and car parking revenues regardless of this specific unit's individual occupancy rate.

Best Western Hobart has all of the modern conveniences one would expect in a hotel including gym, conference / function rooms, bar and restaurant. Be quick to avoid disappointment, these units are tightly held.

Please note, photos have been provided by Best Western Hotel and images shown may not be of the specific unit 226 but do provide a close example.

* Rent is calculated based on Hotel accommodation revenues (the ten year average is $11,304 pa per unit NET to unit owners)

* 5% to 6% NET yield (approx.) in the heart of Hobart with long stable lease and potential for yield and capital growth over time

* outgoings including rates, land tax, and maintenance costs absorbed by Best Western Hotel (tenant)

* Built 1976

* Please let the agent know if you wish to buy more than one unit

Disclaimer: Every effort has been made to ensure the accuracy of the information contained herein. While there is no reason to doubt it's accuracy, guarantee cannot be assured. The content is intended as advice, and such as cannot be taken as absolute fact. Any and all imagery displaying outlines, measurements or locations are approximate for marketing purposes only. Please refer to the title documents supplied. Accordingly, all interested parties should make their own enquiries to verify this information.