Entire Building/196 Pacific HIGHWAY, Greenwich NSW

For Sale

Development

For Sale

698.2m2

Deans Property is delighted to market the Freehold and Going Concern interest of Hotel St Leonards and Greenwich Inn. The two boutique 3.5 and 4-star Hotels are situated in a prime Lower North Shore location and have been held by the current owner for 33 Years.

This is a fantastic opportunity for an astute Investor or Owner Operator to capitalise on the operations or take up the strong lease terms available. Hotel St Leonards and Greenwich Inn provides 36 boutique style ensuite rooms in total including staff rooms and parking for 13 cars. Located in one of Australia’s prominent medical precincts. The property offers prospective investors an excellent opportunity to purchase a high-yielding hotel investment with strong future growth and security fundamentals. During “normal” trading conditions, the Sydney accommodation sector is one of the strongest, most robust markets in Asia pacific with a long history of stability and growth and these times will return. This Hotel still trades well from demand from the medical precinct.

Key investment highlights:
- Recently renovated and available with vacant possession, or
- Exceptional Lease terms in place from an experienced operator
- Strong net rental returns available
- All outgoings paid by tenant
- 3% or CPI whichever is greater
- Demolition clause after 5 years
- A total of 13 car spaces
- Located in a prominent medical precinct with limited direct competitors
- Opposite North Sydney TAFE, 5 minutes’ walk to North Shore Private Hospital & Public Hospital
- Consistent revenue stream with excellent potential for further growth as the Hospital / medical precinct expands its range of services
- Considerable existing and growing corporate demand drivers from recent building developments such as Foxtel
- A short stroll to St Leonards Railway Station and 20 mins to the Crows Nest Metro station now under construction
- City, Chatswood and Macquarie Centre Bus Stops at the doorstep

For further information and/or to arrange an inspection, interested parties are invited to contact the exclusive selling agents from Deans Property.