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Looking for somewhere to park your money with a clean 6% return (approximately), no outgoings and no maintenance costs? If your answer is yes then look no further than suite 523 in the Best Western Hobart.
Currently leased back to Best Western for around $13,000 per annum until October 2023 net of any GST, and regardless of this specific unit's individual occupancy rate. Best Western pay for all rates, maintenance and renovations. It really is a set and forget investment perfect for the investor just starting out, or to add to your self-managed superannuation fund. Buy in and reserve your place in Australia's hottest growth capital city that is well and truly on the international radar.
This particular suite is one of the larger in the range, on the top floor, north west facing, and has two balconies - it has to be one of the nicest in the complex.
Being an owner entitles you to stay at the hotel for 4 nights of the year and discounts across the Best Western chain.
Best Western Hobart has all of the modern conveniences one would expect in a hotel including gym, conference / function rooms, bar and restaurant.
Be quick to avoid disappointment, as unit 227 sold in less than a week on market some months ago, and I anticipate this one will follow suit.
Please note, photos provided by Best Western Hotel images shown may not be of the specific unit 523 but do provide a close example.
▪ Top floor, north/west facing corner unit with two balconies
▪ Rent approximately $13,000 regardless of individual occupancy rate
▪ 5%+ yield in the heart of Hobart
▪ outgoings and maintenance costs absorbed by Best Western
▪ 54.6m2 approximate unit size (one of the larger suits)
▪ Built 1976