23 Andrew Street, STRAHAN TAS 7468
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- 12 Jul 2016
Sharonlee Strahan Villas and Marsden Court
On offer for sale is the freehold of two self-contained villa complexes with their well-established going concern short stay accommodation businesses known as Sharonlee Strahan Villas (11) and Marsden Court Apartments (12). The properties are offered together in one line on a walk-in walk-out basis with some minor exclusion. The vendors will also consider a purchase offer on only one with a lease back on the other.
SharonLee Strahan Villas is set on a combined area of 6,865 sqm across eight residential lots. It is on a level parcel of land located on the corner of Andrew and Gaffney Street (South side). The improvements consist 10 x 2 self-contained bedroom villas, 1 x 1 bedroom villa, and a combined reception and laundry building (double brick construction). This property is self-rated 3.5 stars and is a member of TasVillas booking group.
Marsden Court is across from Sharonlee on the opposite side of Andrew and Gaffney Street (North side) on a single residential lot of 5673 sqm. The improvements consist of 4 x 2 bedroom self- contained villas and eight studio villas. This property is self-rated four stars and is a member of the Innkeepers booking group. The reception building on SharonLee’s side is currently servicing both businesses.
The villas have insulated timber frames with aluminium windows, James Hardie PrimeLine weatherboard cladding, Colorbond roofing and either concrete or wood flooring. They are all well-maintained and in excellent condition.
The properties are owned and operated by the same family that built and established the original business in 1973. The business has operated successfully since its inception and continued to grow. It mainly caters for the touring market of families, special interest groups and senior couples that appreciate the extra living space on offer and the well-equipped kitchens. The tariffs are seasonal and vary according to the type of accommodation, availability and number sharing. Pricing at SharonLee ranges from $90 in winter to $190 in summer and pricing at Marsden Park ranges from $110 in winter to $220 in summer.
The husband and wife team (Pam and Mark) running the businesses are supported by a full-time staff (Rhiannon) and two casual cleaners. Between November and April, they increase their staffing by two casuals to cope with the higher occupancy. The occupancy rate for SharonLee last year was 65% and the occupancy rate at Marsden Court was 43%. Last year’s turnover was at $479,128, continuing an upward trend from FY 11/12, and net profit after add-backs was a healthy $253,976 per annum.
Strahan is a harbour-side village with a fascinating convict past set on the edge of the Tasmanian Wilderness World Heritage Area. It is a 4.5-hr drive (300 km) from Hobart and a 3-hr drive (226 km) from Devonport. It is the nearest inhabited locality to Cape Sorell and is the 'gateway' to the south-west wilderness - as boats, planes and helicopters utilise Strahan as their base when travelling into the region.
Strahan is an iconic travel destination with shops selling artisan wares and eateries serving up delicious local produce. It is among the top tourist destinations in the world and there's no shortage of activities, from jet boat rides and gentle kayak journeys to a seaplane adventure for an incredible bird's-eye view. There are also long stretches of wild ocean beach to explore, massive sand dunes to conquer and forest adventures to be had in all-terrain vehicles or on foot through the many forest tracks. Tourists visit to take a cruise on Macquarie Harbour and up the Gordon River through World Heritage Wilderness, explore Hogarth Falls, the notorious Sarah Island, and the rolling Henty Dunes on Ocean Beach.
The offer is an opportunity to purchase a very well-established business with a long track record of success in a famous tourist town with a relaxed and healthy lifestyle in a beautiful part of the world. Nestled on the shores of massive Macquarie Harbour, Strahan is the gateway to the World Heritage-listed Franklin–Gordon Wild Rivers National Park. It is full of stories from the days of convicts and pioneers toughing it out in Tassie's wild west as well as more recent stories of prospectors, miners, forest workers, millers, fishermen, sailors and of course, tourists and travellers. Please contact us for a detailed Information Memorandum. Inspections are strictly by appointment.
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
23 Andrew Street STRAHAN