Since opening in August 2003 the Mantra on Murray Hotel has proved a secure and popular investment. Regarded as one of the city's best located hotels, it enjoys above average occupancy from a clientele comprising approximately 70% business and 30% leisure guests. <br/><br/>The lease on this property has 5 year options extending to 2033.<br/><br/>Immaculately maintained, located only minutes from the malls and opposite the central underground rail station and CAT bus services, Mantra is operated by Accor, a leading international hospitality group.<br/><br/>This is your chance to own a hotel suite apartment with an above average rent return and minimal outgoings. The hotel pays the Council Rates and Water charges as well as approximately 90% of the strata levies. <br/><br/>CONSIDER<br/>NO vacancies<br/>NO leasing fees whilst Mantra remains the tenant.<br/>NO routine maintenance (there is an owner contribution to room upgrade on an irregular basis but no shorter than each 5 years - Ask the agent for details).<br/>Minimal owner costs<br/>Rent paid monthly in advance <br/>NO WORRIES<br/><br/>CLICK ON 0UR STATEMENT OF INFORMATION (see below) for an analysis of income, expenditure and return on investment<br/><br/>ACT NOW - at this price this won't last<br/><br/><br/>
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