Located in the well established Heritage Hotel/ex Farmers building is this attractive Freehold strata investment property situated within the hotel block which has a proven track record. The property is 75m² and is strategically located within the Heritage Hotel lobby that leads through to the conference and retail area. The NBS rating is 70%.
The property has large display windows for high exposure advertising as well as a clean and tidy fitout.
The tenant has a captive audience to the hotel making it an excellent long term cash flow with plenty of future rental increase upside.
• Tenant - Spa Sommaai - Luxury Authentic Thai Massage at the Heritage Hotel • Initial rental - $39,000 + plus GST and outgoings • Term of nine years from July 2017 • Rent reviews - 12% every three years at the date of renewal • Bank guarantee and cash guarantee