8% return for two years* if you buy before 30th June!
The Lufra Hotel is located at Eaglehawk Neck, the gatepost established for Port Arthur’s historic prison site. It has a panoramic view of Pirate’s Bay and it has become an iconic hotel in Tasmania.
These spectacular architecturally designed units are in a modest investors price range, with the price of a 1-bedroom self contained unit being $239,000 and the 2-bedroom unit being $359,000. Each unit is individually named after a prominent convict of Port Arthur. Furniture Packages are $15,000 for studio and $25,000 for 2-bedroom units.
Studio Unit – $249,000
If purchased by a GST registered entity that cost would be $218,000 plus $21,000 GST credit. Returns at 8%-$17400 per annum ($330 per week) with GST credit and $19,100 ($367 per week)without the GST credit for the first 2 years.
2-Bedroom Unit – $359,000
If purchased by a GST registered entity that cost would be $326,000 plus $33,000 GST credit. Returns at 8%-$26,000 per annum ($500 per week) with GST credit and $28,700 ($551 per week)without the GST credit for the first 2 years.
Summary
A studio unit at $239,000 will return an income over the guaranteed period of $38,000 and a depreciation of $13,000 plus capital growth. The 2-bedroom unit over the same period will return $57,000 and a depreciation of $14,600 plus capital growth. During the first 2 year period there are no outgoings payable. Other benefits include no cost in relation to creation of the tax depreciation schedule; there will be no legal costs – this will be met by the vendor. Consequent to the two year 8% guarantee purchasers are guaranteed outgoings in respect to Body Corporate Fees of not more than $1000 (covering insurance and maintenance). Rates, land tax, contents insurance are all payable by the Strata Owners.
* Conditions Apply