An exciting CBD investment, this hotel unit in Hotel Enterprize generating a great return on lease with ongoing further increases and options to continue to lease or convert to occupy. Centrally located opposite Southern Cross station, this mid-range hotel represents a secure opportunity with an established cliental and low vacancy rates. There is also the possibility of owner-occupation. Approximately 30sqms of floor space comprising bedroom/living area, bathroom and storage spaces, this well-presented unit is refreshed for rental and absolutely maintenance-free.

Rental Agreement currently: (Incomings)
$7,631.00 Per Annum 1st July 2009 to June 2010
$7924..50 Per Annum 1st July 2010 to June 2011
$8218.00 Per Annum 1st July 2011 to June 2012
From 1st of July 2012 and every year after until the expiry of the lease the rental shall increase in accordance with the Annual C.P.I of Australia.
Owner Pays (Outgoings):
Water Rates: $673.00 Per Annum
Council Rates: $349.00 Per Annum
Sinking Fund: $84.56 per quarter
No Body Corporate Fees

A rare chance for a completely care-free investment in a prime city property, this rent-and-forget unit offers a holiday from investment care or own/occupy if you need a place to stay in the city!

Inspect by appointment only!