Accommodation and Tourism
NSW
Ref: 5801798

QUALITY APARTMENTS 100 METRES FROM BEACH - POPULAR PORT STEPHENS AREA For Sale

Description: Beautiful, well-maintained property perfectly positioned to attract tourist / holiday trade plus the short term worker market.  Very popular with the Airforce at Williamstown.

Construction: Two storey brick and concrete construction with tile roof. Fifteen self-contained apartments - very spacious with lounge dining separate bedroom with balcony.

Residence: 2 bedroom with built-ins, lounge, dining, kitchen, bathroom, small yard.   Two bedroom, two level, apartment adjoining reception.  Currently used as Unit 15 as Owner/Manager is off site.  

Age: Approx. 30 Years

Clientele: Tourists, Holiday Makers, Reps, Trade workers, Airforce, passing trade.

Land Area: 1,976.5m2

Tariffs:
Motel:  From $130 to $180 (Low to High Season)
Apartment:  From $170 to $445 (Low to High Season)

Chain Affiliation: N/A

Lease: No

Laundry: Heavy commercial equipment. Linen as new - hired and laundered by third party

Restaurant: No - 10 minute walk to club - 2 minute walk to cafe

Services: Reverse cycle air-conditioning, cooking facilities, 2 x spa baths, resort style pool, barbecue, playground, on-site parking, guest laundry, fire rated.

Turnover: 19/20   $501,129 (closed 2 months due to COVID-19);  18/19   $615,203;  17/18  $714,789 All Exclusive of GST

Occupancy: 70%

Comment: This property is quality throughout and an inspection is highly recommended.

MQ Property ID:
5801798


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Price: $4,500,000
Manenti Quinlan & Associates
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Australian enquiry? Yes No

Broker : Ray Larkin
Phone: 02 9744... (click to show)
Mobile: 0407 220... (click to show)
Fax: 02 9745... (click to show)
Address:
Suite 101, Level 1, 74-76 Burwood Road
Burwood, NSW, 2134


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