DRASTIC PRICE REDUCTION - SYDNEY BOUTIQUE HOTEL ACCOM. LEASEHOLD FOR SALE - CITY FRINGE
Leasehold $495,000
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.
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