304/19 Market Street, Wollongong, NSWFor Sale | Price Guide $309,000
Smart Investors Need Only Apply
Perfectly affordable and high returning investment opportunity in the Wollongong CBD, with a long term lease to the Adina Hotel Group. Largely a "set and forget" for your investment portfolio with the hotel largely looking after the maintenance. Comprises;
- Ideal for personal investment or Super Funds (seek accountancy advise).
- 1 bedroom motel room with Kitchenette & internal laundry facilities..
- 3rd floor position with North facing balcony.
- Leased to the Adina Motel group since 2008, with excellent business trade to date.
- Further 8 years left on current lease
- Net return of $10,723.74, for Jan 2021 to June 2021.
- Last 12 months statements available.
- Pool, gym, sauna & spa featured in the development.
- Beaches, Harbour, City Mall & WIN Stadium all within approx. 3-5 minute walk.
- Popular eateries/cafes/bars within the development & just around the corner.
- Showing much higher returns than standard residential property.
- Information Memorandum available on request.
Council Rates: $266.13 per qtr