1/38-46 O'Hanlon Place Nicholls, ACT 2913

Leumeah Lodge, operated by 'the Y' (founded as YMCA) is a fully self-contained accommodation complex, completed in 2015. Offering 60 hotel style rooms with various configurations accommodating up to eight people each, plus a separate 2 bedroom apartment, Leumeah Lodge specialises in tourist, group and school accommodation bookings however also operates as a serviced hotel when available.

Available for sale for $17,500,000, this is a unique offering of a quality, freestanding building on a lot area of circa 8,000 square metres. Forming part of a Units Plan a parent site of 21,765 square metres, Leumeah Lodge occupies Unit 1, encompassing the buildings and surrounding land with the strata unit boundary, essentially creating a free-standing structure within the Units Plan.

Having being in occupation since development, 'the Y' have recently committed to a new 10 year term until March 2036, on a fully net lease.

Key Features:

• Quality, 60 room accommodation complex
• Single 10 year net lease to YMCA,
• Net income of $1,106,329.79 pa plus GST*
• Premium, growing tourist location -12 minutes from CBD
• Very stable investment in high demand property sector

Contact RWC Canberra for an exclusive inspection.

*Approximately