HIGH YIELDING COMMERCIAL INVESTMENT
85/1 Esplanade
Lakes Entrance
$1,195,000 + GST
An exceptional and rarely offered commercial investment opportunity awaits within the iconic Esplanade Resort. Comprising a single title, this substantial holding spans several key operational areas integral to the day-to-day running of the resort including a reception, office, commercial kitchen, bistro area, laundry, larger office and day spa. This property represents a genuinely secure and strategically significant asset with strong long-term appeal for astute investors. Lease details:
- Brand new 7-year lease with a commencing rent of $100,000 per annum plus GST and outgoings.
- 3 further terms of 7 years each, providing outstanding long-term security.
- 3% fixed annual rental increases.
- Market rent review at the commencement of each further term.