Currently run under management, this lease has demonstrated month on month growth and still only runs at 54% occupancy so there is certainly more left on the table for the next operator. Chinchilla has multiple projects set to kick off at the tail end of 2021 so your timing maybe perfect. With a range of 62 different apartment options, a very comfortable two bedroom two bathroom manager's home, and a restaurant that doubles as a conference room, this opportunity will not last. This business has defied the trend of other accommodation businesses and has actually grown throughout the pandemic. Certainly something you should consider - an inspection is sure to impress.
- Experiencing consistent month on month growth
- Long 34 year lease remaining
- Very low rent ratio
- Currently run under management
- Excellent two bed two bath managers home
- Restaurant doubles as Conference Room
- Excellent business with the future looking bright
- Covid proof business that has not been affected by lockdowns to date
- Property inspections are by appointment only
