Real Estate for sale at Mercure Hotel Launceston, LAUNCESTON, Tasmania, Australia

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LAUNCESTON | Mercure Hotel Launceston

$150,000

$10,500 pa Return

The Mercure Hotel Launceston is yet another freehold property investment created by Lanco that makes investing in real estate easier than ever.

By investing in the Mercure Hotel Launceston your days of chasing rent, expensive maintenance, vacancy, letting costs and all the other heartaches of investing in property are gone.

Lease.
You are buying the suite with a 10 year commercial lease with six 5year options - a long lease in the commercial world.

Rental.
Your base rental is $10,500 and contains annual increases of up to 3% indexed to CPI. - your investment return is secured whether your room is occupied or vacant.

Costs.
As with other commercial property leases the tenant pays the outgoings, including all rates, insurance and body corporate fees. The only cost to you as an owner will be maintenance. This fee will start in the fourth year and be a maximum of $781 p.a - this fee is paid yearly after the fourth year and is taken out of your rent.

Benefits.
As an owner you will receive 4 nights accommodation per year in the Hotel plus a 10 year membership to the Accor Advantage club.

Call Blake Shepherd on 0438 508 397 for further information.