Net Rental Returns of up to 8%
Profit from Geelong's thriving Short Term Accommodation Market
Discover how you can purchase a premium Investment Apartment in the heart of Geelong, providing a freehold asset with a tax efficient, cashflow positive yield estimated at up to 8% nett.
Geelong is currently experiencing a boom in short term accommodation. The number of overnight visitations to Geelong has been growing since 2013 and grew by an extraordinary 15% in 2017. The increase in demand for accommodation has not been met by an accompanying growth in the supply of rooms which has remained static - leading to a “supply gap” (figure1 - Click to VIEW)
The growth in overnight visitors to Geelong mean that apartment owners at our previous Geelong projects, Vue and Devlin, are receiving net returns – after all costs – of up to 8%.
This growth in demand means there is no better time for the Ritz to become Geelong’s first upmarket accommodation option.
We are estimating rental yields for the individual apartment owners at Ritz of between a Net 6% to 8%. The high yields, when combined with generous tax depreciation and investment allowances, mean the investment is projected to be cash flow positive.
Individual owners of the Ritz become part of an innovative ownership/management arrangement, handing management responsibilities to anon-site team to facilitate all elements of short-term accommodation. This is a set and forget property investment. With its high tax efficient yields, Ritz investment apartments are suitable for self funded retirees and general investors looking for high rental yields and taxation relief.
Each apartment has been created with comfort and luxury in mind while oversized balconies make the most of the stunning vistas over Eastern Beach and the CBD. State of the art technology, innovative design features and unique proximity to Geelong's Beach’s, Offices, Cafes, Shops and Parks combine to ensure the Ritz will become Geelong’s premium accommodation option.
If the idea of owning your own piece of booming Geelong and delivering a positive cashflow stream excites you, then this is the property for you.ENQUIRE NOW
A DESTINY FULFILLED
Once a haven for gold rush prospectors and sailors searching for repose and entertainment, The Ritz Apartments now commences a new journey as an elegant respectful, luxury apartment hotel development.
Designed by Geelong’s finest architect, Mark Gratwick, whose previous successes, The Devlin and Vue Apartments, has brought this enduring icon back to life.
The heritage hotel has been carefully rejuvenated and modernised to compliment a contemporary yet elegant nine level addition. It has been designed to allow the historical hotel the prominence it deserves, whilst offering a luxury destination in Geelong.