SERVICED APARTMENTS FOR SALE- LARGE COMPLEX IN REGIONAL CITY

SOLD

Description: Large complex of self-contained bedsit apartments in prosperous regional city. Situated within easy walk to all city amenities including club and restaurants. Units are in clocks of ten apartments and are ideal for short or long term stay.

AAA Rating: 3 star

Construction: 60 units (57 used). Two storey brick with tile roof and brick wall partitions. Large one bedroom apartments. All with kitchen, carpets & bedding in excellent condition. New split system air conditioners. Spacious bathrooms. 40 fully renovated including new kitchens and bathrooms.

Age: 40 years approx.

Clientele: Construction - trade and road and Telstra workers. Sporting groups, local functions, overnight rep trade, toursits.

Residence: Two units joined together as a management suite. Ideal for couple.

Land Area: 4,000sqm+ approx.

Tariffs: Single from $135; Double from $135; Family from $155.

Chain Affiliation: No

Laundry: All linen hired. Coin operated laundry onsite.

Restaurant: No – short walk to town.

Services: BBQ, cooking facilities, parking, coin-operated laundry, fire rated.

Lease: No

Turnover: $668,624 2014/15 - $735,320 2013/14

Occupancy: 40% approx.

Comment: Very well built and maintained property. Would improve greatly with owner operator and more marketing. Very easy business to operate with high profit margins. Rarely does a property like this become available in the market. Don’t miss this opportunity.

MQ Property ID:
3275444


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