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Accommodation & Tourism business for sale in NSW

  • Accommodation & Tourism
  • NSW
  • $3,500,000 (GST na)

Stunning Water Views - Apartments - Popular Port Stephens Area - Strata Freehold Going Concern

Description: 16 units - being part of a five level building and occupying the entire second floor.

Construction: Five level concrete slab construction with rendered brick / concrete block walls and flat roof with sun deck and pool. Security basement parking.

Age of Building: Constructed approximately 25 years ago, the property has been well maintained and has a strong body corporate fund.

Turnover: 10 Months July 2020 to End April, 2021: $565,908;
19/20 $346,991; 18/19 $468,587

Net Profit: 10 Months July 2020 to End April, 2021: $309,252

Strata & Council Fees: $53,700 per annum

Occupancy: 60%

Tariffs:
Back Room $149 to $220 (Low to High Season)
Front Room $169 to $249 (Low to High Season)
Suites $249 to $399 (Low to High Season)

Clientele: Tourists, Holiday Makers

Restaurant: No - Town Centre location - at least 20 restaurants within 5 minutes

Services: Cocktail Bar & Hotel within 100m, free Wifi, Foxtel & satellite channels, mix of king or queen beds, full cooking facilities, undercover car parking, rooftop pool

Laundry: Some apartments have laundry

Comment: Visual inspection of the property is delightful and offers high quality mid range accommodation allowing a holiday in a premium location at a very affordable price. This property is very easy to operate and manage and offers a semi-retirement business lifestyle. Inspection is highly recommended.

MQ Property ID:
6437912

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Ray Larkin
Manenti Quinlan & Associates
Ray Larkin
Manenti Quinlan & Associates

Business Highlights

Business ID2016997093
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Last updated  11 May 2021
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Ray Larkin
Manenti Quinlan & Associates
Ray Larkin
Manenti Quinlan & Associates

Business Highlights

Business ID2016997093
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  11 May 2021
Manenti Quinlan & Associates
Level 1, 105 Liverpool Road Enfield NSW 2136
Ray Larkin
Manenti Quinlan & Associates
Ray Larkin
Manenti Quinlan & Associates

Ask Ray Larkin about this business

Ray Larkin

Ray Larkin

Manenti Quinlan & Associates

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0407 220 116
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