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Boarding House Newcastle For Sale

Newcastle, New South Wales, Australia
Asking Price:
$1M - $5M (AUD)
Sales Revenue:
$153,660 (AUD)
Cash Flow:
$153,660 (AUD)

Former Church converted to 8 Room boarding house plus separate house

Easily run. High income - Low maintenance, easily managed investment with a long consistent history of high occupancy and a growing rental income return

All rooms with private facilities with relaxed Indoor feeling - Spacious indoor dining, lounge, study, entertainment areas with good natural light and spiraling ceilings creating a relaxing feeling of spaciousness

Quick access to airport. Around 24 mins drive and regular bus services to the airport serving several major Australian & New Zealand tourist and business destinations

Large dining/lounge/external recreation areas

Redevelopment Opportunities - Dual street frontage. 739m2 land (approx) - 2 street frontages and separate entry for each property with a possibility of subdivision or redevelopment or Community, Education, Medical, Childcare etc (STCA).

Separate house on site with own private access - Option to use the house as your residence and get a good income from your backyard

Close to all services - Minutes to Newcastle CBD, business and personal/medical services, local/major shopping, entertainment, medical, university, schools, other educational establishments.

Possible other uses including medical, childcare, education, tourist etc (STCA)

Consistent high occupancy

Energy savings with solar power installed.

Relaxed Harbour side location - Harbour waterways, bike and pedestrian walks and pristine Newcastle beaches. Marina, Yacht club 550 metres walk

Close to shops, city, beaches, schools, medical, major transport

Gateway to Hunter Valley wine and other popular tourist destinations areas a short drive away.

Additional one bedroom open plan home of around 65m2 plus even larger covered outdoor area.

For more information contact exclusive agents through this link

https://www.cstproperties.com/pet/boarding-house-east-newcastle/

CST Properties Hotel, Tourism & Leisure Investment Property specialists

Con Tastzidis

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Can use room or house for personal accommodation. ie income and residence on one property.

Location:

East Newcastle harbourside, minutes to all entertainment, business, leisure, CBD, schools. Local bus near front door and 10 minute walk to Newcastle Interchange and Hamilton Station.

Premises Details:

2 separate properties with 2 street frontages
1. Ex church. Currently licensed boarding house with opportunity to convert to other business uses (subject to council approval) or converted to your unique residential masterpiece.
2. Separate residential house. Either lease out for income or use as your own home and still get a great income from your backyard.
All furniture is included in the sale. Just grab the keys are start collecting immediate income.

Size in square feet:
739m2 land
Planning Consent:

8 room boarding house + additional home

Business Operation

Expansion Potential:

Expand units, reposition, other business uses such as education, medical, religious, childcare, possible subdivision etc (STCA)

Competition / Market:

Not much in this exclusive location. Consistent record of high occupancy. Very few vacancies.

Trading hours:

full time

Employees:
casual and owner part time
Years established:
10

Other Information

Support & training:

Can be negotiated. Very easy to manage on part time basis

Website:
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Contact CST Properties

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