Are you interested in inspecting this property?
Get in touch to request an inspection.
Great Investment in a growth area
- 1 Bed
- 1 Bath
If you're a savvy investor who would like to reap the rewards without lifting a finger, then this is the investment you need!
Located in the heart of Launceston, this is the perfect set and forget investment opportunity which offers a great return. Offering 26sqm, fully furnished hotel room with own bathroom and a nice outlook from the top floor (6 levels).
Not only is this apartment just blocks away from the central mall of the Launceston shopping centre, it's also just a 10 minute walk from the Launceston Aquatic Centre and a 15 minute walk to the Launceston Seaport, which offers a range of restaurants, bars and cafes. The iconic Launceston Gorge is also just a 5 minute drive or a comfortable, flat 20 minute walk. Other Launceston attractions, such as James Boag's Brewery and Aurora Stadium (home of the Tassie Hawks) are also within walking distance.
The apartment is serviced daily by the well recognised global hotel chain 'Best Western' and offers a 7%+ return on a monthly basis.
Enjoy 4 nights free stay on an annual basis.
Currently part of a 10 year lease agreement, with approximately 7 years remaining, generating a nice cash flow.
With its distinct style and personalised guest services - all features of the Best Western Plus brand - the hotel offers 116 comfortable guest rooms, a restaurant specialising in Tasmania's best local produce, a bar and two conference rooms accommodating up to 150 people.
Do you want to find out more about this suburb? Enter your details to receive a free comprehensive suburb report.