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Leasehold In Manly For Sale

New South Wales, Australia
Asking Price:
$1,950,000 (AUD)
Turnover:
Undisclosed
Net Profit:
Undisclosed

A rare opportunity to acquire a standout accommodation business in one of Sydney's most iconic beachside destinations. Recently repositioned and benefiting from a comprehensive refurbishment, the property now presents to an exceptional standard, addressing a clear demand in the market for quality mid-scale accommodation.

Designed for streamlined and efficient operation, the business has been established without the need for an onsite manager. Day-to-day functions are supported through outsourced housekeeping services and a dedicated offshore team responsible for reservations, guest communications, revenue management, and call handling. Digital pin-code entry systems further enhance operational efficiency, delivering a seamless, contactless guest experience while reducing staffing requirements and overheads.

The result is a modern, largely automated accommodation offering that combines strong presentation, operational simplicity, and an enviable coastal location.

  • 19 Studios with ensuite
  • Rent $41,666 (excl GST) per month
  • Lease term 10 + 10 years with only 10 months in
  • One block back from the beach & walking distance to ferry
  • Property has undergone a recent upgrade with all rooms fully refurbished
  • Running a high occupancy all year round which suggests a strong longterm outlook based on traditional stabilisation periods for new properties

MQ ID 1P 1P3157
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