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- 18 Oct 2016
SERVICED APARTMENTS FOR SALE- REGIONAL CITY
Description: Regional city serviced apartments. Rare opportunity for high quality block of apartments. Immaculate inspection. Walk to shops, restaurants, and club. Very easy to operate with high net profit margins. A must inspection for any serious operators.
Construction: 22 apartments in total. Two storey double brick property on concrete slab. Colourbond Roof. Very high quality construction
Clientele: Reps, hospital trade, tourists, construction and trade, sporting groups.
Tariffs: $140 - $290 per night. Additional charges for special events.
Turnover: $787,086 - 2015 / 16 Year - Net $592,646
Occupancy: 72% approx.
Comment: One of NSW finest complexes. Caters for guests’ every need. As new condition. Very easy operation to run. Highest quality fitout throughout. Room to extend further.
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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