, Orange NSW

For Sale

Accommodation/Tourism

SOLD

Description: Very rare! A block of the highest quality Serviced Apartments. These are the best you can see designed for top end of the market. Very high occupancy at premium room rates. Fully managed business. This is truly a once in a lifetime opportunity.
AAA Rating: 4½ star

Construction: Two level double brick with concrete slab floors. These apartments are built at the highest possible standard. Large spacious units. Fully self-contained. Better than new condition. You won't believe the fit-out.

Residence: There is a 2 bedroom owners apartment. Current owner uses it as an office. No one lives on-site. Properties are fully managed.

Age: Built 2007

Clientele: Very strong corp and rep trade and tourists. Mostly pre-booked.

Land Area: 2,200sqm approx.

Tariffs: Single $168 - $430 standard. Special rate $253 - $500.

Chain Affiliation: No

Lease: No

Laundry: No, all linen owned and sent out. 2.75 changes of linen.

Restaurant: No

Services: Fully self-contained, continental breakfast supplied if required, indoor pool, air conditioning, spa baths, WiFi, Austar, licensed.

Turnover: $1,250,000.

Occupancy: 88% approx.
Comment: Extra unit possible by using the current owners office area. This property is a fully managed businesses and would be one of the best inspections I have ever had in either city or country NSW. Outstanding opportunity to own an outstanding business with net revenue in excess of $620k per annum and growing. DETAILS BY CONFIDENTIALITY AGREEMENT ONLY.

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