SOLD

This property is part of The Kinson Hotel and currently leased back to the hotel for $15,526.90 per annum + GST. Recently occupying the property in May 2022 with four further options of five years thereafter with the next five year term in May 2027. These long term leases are rare to find and ever rarer to find with an incredible yield. Currently being used as a hotel you can expect it to be maintained immaculately. Located in a position along St Kilda Rd that is a desired position for Melbourne visitors to stay and enjoy everything this great state has to offer.

Features Include:

* Long term lease in place
* 50% administration fund paid by tenants
* Open plan room
* Galley kitchen
* Modern sparkling bathroom
* Secure entrance

Be quick to enquire!