Accommodation and Tourism
NSW
Ref: 5055070

DRASTIC PRICE REDUCTION - SYDNEY BOUTIQUE HOTEL ACCOM. LEASEHOLD FOR SALE - CITY FRINGE

Description: Beautifully restored and renovated historical Sydney city townhouse style property.  Very well maintained.

Star Standard: 3.5 star.

Lease Expires:  12 Year Term

Rent:  $360,000 Inclusive of GST - No rent till Christmas 2020 - Landlord is prepared to talk on rent until industry recovery.

Turnover:  $853,032.42

Tariffs: Average Room Rate $149

Construction: 16 units. Three storey brick and concrete construction with brick partitions and iron roof.

Interior: Mixed room sizes from double to large suite.  Very well furnished to high modern standard. Boutique style inner city accommodation that will not disappoint.

Clientele: Corporate, Tourist, Hospital, Country Guests

Chain Affiliation: No

Restaurant: Ground Level (Separate Lease), Licenced Bar

Laundry: No

Services: Air conditioned, Fire Rated.

Residence: No residence - current tenant lives off site

Comment: Price drastically reduced.  Inner city boutique hotel in prime location within easy walking distance to all the Sydney city amenities and nightlife.  Close to St Vincent’s Hospital which adds to the daily occupancy.  

MQ Property ID:
5055070


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Price: Leasehold $690,000
Manenti Quinlan & Associates
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Australian enquiry? Yes No

Broker : Ray Larkin
Phone: 02 9744... (click to show)
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Fax: 02 9745... (click to show)
Address:
Suite 101, Level 1, 74-76 Burwood Road
Burwood, NSW, 2134


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