Sold
Management Rights · Sydney · MR007759
Rare opportunity to acquire a short-stay business of significant scale and quality, situated in a prime location in Sydney’s north
PRIME SYDNEY SHORT-STAY MANAGEMENT RIGHTS - CIRCA. $1.3M NOP
Rare opportunity to acquire a short-stay business of significant scale and quality, situated in a prime location in Sydney’s north
OFFERS VIA EXPRESSIONS OF INTEREST CAMPAIGN CLOSES ON FRIDAY 14TH JULY AT 5PM AEST
- Net profit
- $1.3M
- Asking EXPRESSIONS OF INTEREST
- Status
- Sold
The business at a glance.
- Purpose-built, short-term property situated in a popular north Sydney suburb
- 65 apartments in the letting pool with further growth opportunity
- Large net profit of $1.295m (verified by specialist accountant Holman's)
- Recently topped up 10-year Caretaking and 20-year Letting Agreements
- Key operating space on freehold title - 38sqm
- Hotel lobby, reception, ample storage facilities and secure parking
- Close to transport, dining and entertainment precincts
- Price Guide $5,500,000 + Freehold Office Lot
- Property inspections are by appointment only
The asset, the manager unit, the location.
Sydney Inner North Shore, NSW
Sydney Inner North Shore, NSW
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