38 Victoria Road, St Kilda 9012
Motel Investment opportunity (Freehold Only) 19 Units in total including 3 bedroom managers residence, consisting of 5 studio units, 7 x 1 bedroom units, 5 x 2 bedroom units and 1 x 3 bedroom unit. Plus 1 garage, one community laundry and workshop area. All units have been re roofed in recent times. Some double glazing and some units have been re insulated. Earthquake assessment is between A and B grading dependent on when units were built (IEP report available) Rent reviews 2 yearly, Lease expiry 30/4/2047. Base rent $144,108 pa plus GST plus outgoings.