"The Charrington" of Chatswood is 3.5-star boutique Victorian style hotel centrally located in a quiet leafy street less than 400 metres away from Chatswood's CBD. Its light filled interiors and exquisite décor presents & reflects its old-world charm reviving the classic period style of yesteryear. Same ownership for over 42 years.
Impressive spacious lounge and reception area with 2 communal kitchens 32 self-contained rooms with ensuite and all with either a balcony or a courtyard. Variety of room sizes 2 x 1 BR, 1 x 35m2 and 29 rooms are approximately 25sqm in size with 16 rooms featuring air conditioning. 3 rooms can be turned into double rooms by removing the partition walls. The property was built in 1958 and boasts double brick and concrete slab construction, meticulously redesigned to represent the classic Victorian styled era.
Proven and secure cash flow business:
• 2018-2019 FY Pre Covid GAR $921,437.00
• 2019-2020 FY Pre Covid GAR $820,595.00
• 2020-2021 FY Covid GAR $570,040.00
• 2021-2022 FY Covid GAR $564,115.00
• 2022-2023 FY Post Covid GAR $1,400,281.00 (net income of $724,972.00)
Property overview:
• Under same management for 42 years
• The property will be sold as a going concern with all inventory accommodating sale
• Free WI-FI for all guests accessible and well received on every level in rooms
• Remote lighting at the front of the building, security key boxes and outdoor security phone
• NBN installed throughout the building
• 50 solar panels installed on top of the property
• Power board allowance for separate electricity metres if required
• Fully Fire compliant door frames and ceilings all reinforced in preparation to make the property strata compliant
• All rooms have bathroom, balconies, bar fridge, TV, microwave, tea & coffee making facilities, phone, hairdryer, iron & ironing boards, ceiling fans and heating radiators
• In house laundry service is available on site
The Charrington is strategically located within a short distance to all of Sydney's major attractions and a short 400 metre stroll to the busy metropolis of Chatswood shopping precinct where you will find major banks, movie theatres, cafes, eateries, Westfield and Chatswood Chase.
