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- 17 Mar 2017
SERVICED APARTMENTS FOR SALE- RIVERINA CITY CBD
Description: One year old 3 storey brick serviced apartment block. Prime location in CBD of regional Riverina city. Very high quality property. Will pass any inspection. Very easy to operate.
AAA Rating: 4 star
Construction: 15 units total, 10 x 2 bedroom, 5 x 1 bedroom. Three brick and concrete construction with colorbond roof and brick wall partitions. Large spacious units with granite bench tops, full kitchenette, high quality furniture throughout. Basement parking with lift access.
Age: Built 2013.
Residence: 2 bedroom with built-ins, lounge, dining (one of the 2 bedroom apartments). Owner-s sister runs the business and lives in one of the two bedroom apartments.
Clientele: Corporate and rep trade, tourists, visiting white collar workers, passing trade.
Land Area: 3,000sqm approx.
Tariffs: One Bedroom $160; Two Bedroom $260
Chain Affiliation: No
Laundry: All linen hired. Guest laundry available.
Services: Full kitchenettes, reverse cycle air conditioning, lift, back to base fire monitoring.
Turnover: $620,000 budgeted, $375,000 budgeted net.
Occupancy: 80% approx.
Comment: Located in the CBD in the main shopping area. Rarely does a serviced apartment block of this standard become available. Only one year old. Move in and bank a 15% yield from your first day. Inspection very highly recommended.
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