Now 50% Sold Victoria's only 5 Star Hotel ownership, the Oak Bay Beach Hotel offers to the investor Full Title "Vacation Hotel Suites" which individual purchasers and can use for up to 16 weeks a year. Prices for these suites range from $289000 to $1,250,000. Fully furnished, with all operating costs, ie, Muncipal Taxes, Monthly Assessment Fees, Utilites, covered by the Hotel Management Operator. Suite Owners have no obligations to cover hotel expenses. The Purchaser receives a "lease revenue" each month which is based on the price of individual units and is independent of unit performance. Revenue increase each year until the third year which then becomes the "Base Rent" for the furture years.This is an investment you can personally enjoy.
Property Summary:
Category:Apartment
Bedrooms:1
Bathrooms:1
Garage:0