MOTEL FOR SALE - WOOLLOOMOOLOO - 5 MINUTES TO CBD

$7,500,000

Description: Location! Location! Location! Close to City Centre, Potts Point, Kings Cross, Barangaroo and Darling Harbour. Recently refurbished. 20 rooms. Covered rooftop terrace with panoramic views of the city skyline.

Turnover: 23/24 $869,656.49 (ADR $155.53)

Construction: 3 storey brick and concrete building with iron roof

Interior Description: Recently refurbished from an 84 bed backpacker accommodation to a 20 room hotel

Age of Building: Approx 80 years

Clientele: Perfect place for those who want to make friends and meet new people whilst on holidays.

Land Area: 215m2

Tariffs: From $140 - $220 Per Night

Occupancy %: 75.66% 2023/24

Chain Affiliation: N/A

Services: Air-conditioned, motel kitchen, tea and coffee making facilities, coin operated laundry facilities, shared bathroom facilities, communal facilities, high speed internet

Comment: Rare opportunity to acquire a small boutique hotel in a highly sought-after area of Sydney. Easy walk to waterfront, Kings Cross and vibrant Oxford Street. Vendors are genuine sellers and will consider all serious and reasonable offers.

MQ ID No. 1P2865