LEASEHOLD HOTEL FOR SALE - Prime CBD Location
SOLD
Description: Prime CBD location. 3 levels of city building in one of the most sought-after areas of the CBD. 8 minute walk to Circular Quay, 5 minutes to Martin Place, undercover walk to Wynyard Station. Very comfortable accommodation in sought-after price range.
Clientele: Tourists, interstate and country visitors, corporate guests, long stay guests (up to one month)
No. of Units
21 (One Used for Night Manager)
Building Description
Three levels of multi-storey building, very well maintained. Very comfortable, well-furnished rooms with all amenities including wifi, air-conditioning and ensuites.
Length of Lease
To September, 2040
Rent
$20,640 Per Month - $247,680 Per Annum Inclusive GST
Rental Increases
2% Per Annum
Turnover
$800,000
Occupancy Rate
95%
Facilities
- 20 Ensuite Rooms
- Wifi
- Smart TV
- Reverse Cycle Air Conditioning
- Communal Kitchen
- Dining / Lounge Area
- Guest Laundry
- CBD Location
- ISD STD In Room Phones
Linen
Hired
Management
Property Currently Fully Staffed & Managed
MQ Property ID:
3728250
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- Suburb Sydney
- Region Sydney City
- Property Type Accommodation/Tourism
- Status For Sale