504/3 Earl Street, Launceston TAS 7250

Located in the heart of the Launceston CBD, this strata titled hotel unit has proven to be an outstanding long term investment opportunity. Situated in a well known Launceston City Hotel this unit ticks all the right boxes for a well balanced investment portfolio and is ready and waiting to start making its new owner money!

The details

** Long term blue chip lease (20 years) to Best Western Plus - 4.5 star hotel.
** 6-7% NET return - all outgoings including capital paid by the tenant.
** Substantial depreciation benefits - reduce tax payable (seek independent advice).
** Bank guarantee in place.
** 4 free nights included per year at the Best Western hotel in Launceston or Hobart.

I would love to have a chat to you about this exciting opportunity and send you an information pack on the money you could be earning from this investment! Also don't forget, at the end of the day you own the room on a strata title too!

Peter Lees Real Estate has used a variety of sources to obtain information relating to this property. We believe all are reliable sources and have no reason to doubt the accuracy of the information, however we cannot guarantee it. Prospective purchasers are advised to make their own enquiries.