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Hostel - Accommodation - Under Management - Leasehold - Long Established - Hostel - Accommodation - Under Management - Leasehold For Sale

Sydney, New South Wales, Australia
Asking Price:
$125,000 (AUD)
Sales Revenue:
$239,200 (AUD)
Cash Flow:
$79,300 (AUD)

Hostel accommodation of 21 rooms, recently refurbished, catering to budget conscious travelers - Accommodation extends over 2 storeys of the hotel premises, and rooms feature queen beds, tea/coffee making facilities and access to a guest kitchen and lounge area - Shower and toilet facilities are shared - One room is utilised for the on-site caretaker / manager.

Potential
Precinct is undergoing massive renewal - Large building projects in progress - some minor cosmetic attention required. - Refresh current client profile to utilise premises as Budget Motel

Features
Catering to demand for budget accommodation - Great location - Close to all amenities - Close to University - Easily run - Consistent demand - Cheap rates. - Under management.

Premises
Older style building with an area of 800 sq. mts. with residential portion of popular newly renovated hotel available.

Location
Corner location with frontage to main street in Newcastle area.

Trading Hours
As required.

Lease
New 25 year lease - -.-.-. increases - Bond 3 months.

Employees
1 caretaker

Comments

Property Information

Location:

Corner location with frontage to main street in Newcastle area.

Business Operation

Expansion Potential:

Precinct is undergoing massive renewal - Large building projects in progress - some minor cosmetic attention required. - Refresh current client profile to utilise premises as Budget Motel

Trading hours:

As required.

Employees:
1 caretaker
Years established:
1950

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