70A Tully Street, St Helens, Tasmania
5 Quality Brick Fully Furnished Units, St Helens 0/0 $799,000 the Lot, ROI 11% approx
SOLD
Business Description
Versatile units, currently let as overnight accommodation, could be permanent rentals and has potential to strata title as there are fire walls between each unit.
The vendor is very motivated to sell, say no more. Representing EXTRAORDINARY VALUE, Return on INVESTMENT and CAPITAL GROWTH POTENTIAL
Showing an excellent net return of approximately 11%, let as overnight short term accommodation, in excellent condition and presentation.
Comprising 4 x 1 bedroom and 1 x 2 bedroom units, unit 5 has been completely renovated, to a high standard, all have split system air-cons.
These units are under management in a holiday complex and enjoy a high occupancy. You can let them out permanently.
The layout is open plan living/kitchen, separate bedroom with birs, bathroom/laundry, undercover carport and a fire wall between each unit.
Low maintenance construction and landscaping, set on level block, within walking distance of the town center.
Representing a fantastic opportunity to secure a high return, in a low bank interest rate period.
Fully managed by a complex manager who looks after all aspects of the day to day running, there is less work for the landlord involved in current operation of these units as compared to permanent rentals.
This is a freehold property sale, contact Paul Scott ph ---------- or Praveen Pant ph ---------- ---------- NDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS/PROPERTY AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF; Please Note: All figures quoted are approximate.
Business Summary
Key Investment Insights
1. The business for sale consists of 5 fully furnished brick units in St Helens.
2. The units are currently being used as overnight accommodation, but have potential to be used as permanent rentals.
3. There are fire walls between each unit, allowing for potential strata title.
4. The vendor is motivated to sell.
5. The property offers excellent value, return on investment, and potential for capital growth.
6. The net return is approximately 11%.
7. The units are in excellent condition and well-presented.
8. The units consist of 4 one-bedroom units and 1 two-bedroom unit.
9. Unit 5 has been completely renovated to a high standard.
10. All units have split system air conditioning.
11. The units are currently managed by a holiday complex and enjoy high occupancy.
12. The layout of each unit is open plan living/kitchen, separate bedroom with built-in robes, bathroom/laundry, and undercover carport.
13. The property is low maintenance and set on a level block.
14. The location is within walking distance of the town center.
15. The sale presents a great opportunity to secure a high return in a low bank interest rate period.
16. The units are currently fully managed by a complex manager, reducing the workload for the landlord.
17. The property is being sold as a freehold.
18. Interested parties are advised to conduct their own investigations and enquiries.
19. All figures quoted are approximate.
