On offer is a 31 square metre studio apartment in the ever famous Heritage Hotel, a character building with a history to be proud of!

This apartment is currently in the hotel pool with guaranteed monthly returns, the Hotel lets it out to their guests and pay the owners a percentage of the room rental fee. The lease to the hotel expires in March 2018 at which point the owner can withdraw from the unit from the hotel pool, and apply to have the rating changed from commercial to residential, and pay GST on the value of the apartment. This is the point that you have a freehold studio apartment, free for your own use or ready to rent out.

The Heritage Hotel is an iconic building and owners share use of the top class facilities such as roof top swimming pool, indoor pool, tennis court and two gymnasiums.

Enquire today for more detailed information and viewing times. Buyers need to be flexible with viewing times as the unit is under hotel management, and frequently has guests staying.