Freehold Motel Complex on large 3212m2 section.
Long term 27 year lease. Two yearly rent reviews.
18 motel units plus three bedroom lessee's home.
All units have been well maintained, building roofs have been replaced with marine grade colour steel.
Managers home has been insulated with some double glazing.
Current lessee has invested in new furnishings and white ware.
Lessee is responsible for all out goings. Annual rent $144,108 per annum plus GST