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- 18 Oct 2016
FOR SALE- SERVICED APARTMENT MANAGEMENT RIGHTS
Description: Management Rights in coastal paradise. One of NSW-s fastest growing regions. Block of 26 units, some with dual keys for 40 lettable rooms. Magnificent locations overlooking the ocean. As new inspection. Very strong year round trade.
AAA Rating: 4.5 star
Construction: 26 in letting pool - 40 lettable rooms. Three storey brick with brick wall partitions and colorbond roof. Very sound new style appealing, with excellent paint. All units are a very generous size with quality appointments
Residence: 3 bedroom, all with build-ins, 1 with ensuite, open plan lounge/dining, bath/toilet, laundry, private balcony, own kitchen. Valued at $700,000 - delightful residence.
Age: Built 2002 approx.
Clientele: Holiday travellers, corporate reps, interstate travellers, passing trade.
Land Area: 2,000sqm approx.
Chain Affiliation: N/A
Laundry: Heavy duty washer & dryer. All linen hired.
Restaurant: N/A. Next door
Services: Split air-conditioning, inground salt pool, cooking facilities all units, secure undercover basement with lift access to all levels, fire rated.
Turnover: $1,419,000 (Contract 10 years); Net: $251,000 added back
Comment: A quality property throughout. Ocean frontage in booming NSW North Coast town. Fantastic inspection.
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1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information