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Leasehold City Fringe 3-Star Boutique Hotel For Sale

Darlinghurst, New South Wales, Australia
Asking Price:
$100K - $250K (AUD)
Sales Revenue:
$500K - $1M (AUD)
Cash Flow:
$250K - $500K (AUD)

Any reasonable offer will be considered.

10 mins from CBD. Occupancy stays around 90%. Half rent till 30/06/21. Accommodations only. Automated system lowers overheads and enables easier management without having to keep staff on-site.

· Vintage 3-star boutique hotel
· 4-storey brick and concrete construction
· 2 street-front entrances, 16 rooms in total
· Each of the 2 floors from the main entrance has 5 rooms
· Each of the 2 floors from the second entrance has 3 rooms
· 5 room types, all with en-suite bathroom, luxuriously and artistically furnished
· Mixed room sizes, varying from 10 to 22 sqm
· Last renovated in 2017 and costed over $400,000
· Occupancy stays around 90% throughout the year

· Half rent is guaranteed until June 30, 2021

· Simple business model provides no facilities other than accommodations and guests can self check-in/out via Cloudbeds system, which automates operations, lowers overheads and enables easier management without having to keep staff on-site


Sales*: ˜ $600,000 p.a
Earning: ˜ $267,000 p.a
Rent: ˜ $163,000 p.a (50% off)
Wages: ˜ $55,000 p.a
Utilities: ˜ $28,000 p.a

*after COGS; during COVID
*stock image used

Property Information

Real Estate:


Lease Terms:

Expiry in October 2024 with a 7 years Option; half rent guaranteed till 30/06/21


Situated in a funky inner-city suburb; convenient location within walking distance to bus stops and train station, plenty of restaurants and edgy boutiques nearby; easily accessing the city's must-see destinations and amenities

Business Operation

1 FTE receptionist over the weekends, working 8 hours a day; 1 FTE cleaner working 7 days a week, 5 hours a day

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