THE WOOLBROKERS HOTEL - ICONIC CORNER FREEHOLD - PROMINENT SYDNEY CBD LOCATION

SOLD

Description: This iconic Hotel represents an exceptional and rare opportunity to capitalise on Sydney’s demand for hotel operations in and around the Harbour City.

The stunning corner freehold is currently configured and operating as 27 hotel rooms and shall be offered with a flexible operating structure suiting either investors seeking immediate cash flow upon acquisition or alternatively, the building can be offered without the current lease in place giving owner- operator groups the benefit of vacant possession.

• Iconic Corner Freehold | The Woolbrokers Arms
• Capitalise on Sydney’s demand for hotel operations in and around the Harbour City
• Strategic location | Walk to Darling Harbour, Light Rail, Education precinct and key infrastructure projects
• Currently configured as 27 Hotel rooms
• Plans to expand to 38 ensuite units (STCA)
• Offered with flexible operating structure
• Exceptional value with potential
• Zoned B4 Mixed Use

Star Standard: 3 Star

Construction: Brick & Concrete

Age: 100 Years

Land Area: Approx. 442.6m2

Clientele: Tourists, reps, international travellers, school groups, special interest groups.

Chain Affiliation: N/A

Lease: There is a 5 year lease in place with option but can be purchased with vacant possession.

Laundry: Hired

Restaurant: Dining Room & Commercial Kitchen ground floor. Currently serves breakfast only. Is used for school groups for dinners.

Turnover: 2017 $1.2 Million

Occupancy: 85%

Comment: Capitalise on Sydney's demand for hotel operations only moments to Sydney’s Central Business District, Darling Harbour and Sydney’s burgeoning tech innovation and educational precinct. Billions of dollars of key infrastructure projects in the immediate area. Easy walk to all Sydney major attractions.

FOR SALE BY AUCTION - 29TH NOVEMBER, 2018

MQ Property ID:
4519063


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