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Description: This property is of the highest standard and offers guests superior accommodation with stunning views over surrounding gardens. A café that is popular with guests and locals alike forms part of the property.
Star Standard: 4 Star Plus
Construction: Three storeys plus underground parking level for 25 cars. This is a very high quality concrete block and tilt slab construction with sandstone cladding on the ground floor, metal cladding on the upper two floors and cliplock roof.
Interior: 51 large, spacious rooms with high quality furniture and fit-out. Room size ranges from 34m2 to 48m2.
Land Area: 3,500m2 Approx.
Clientele: The property trades from the local business park, tourists and function guests visiting the nearby function centre.
Tariffs: From $160 mid week to $320 on peak weekend. Penthouse available for $1,000 plus a night
Chain Affiliation: N/A
Lease: New 20 Year Negotiable
Rent: $750,000 Per Annum
Laundry: Linen Hired
Restaurant: Licenced Cafe
Services: Room Service, Licenced Bar Café, Bus Transport to City, Stunning Grounds and Gardens
Turnover: $2.6M Per Annum
Occupancy: 65% Approx.
Residence: Owners' penthouse on the top floor that is currently used for nightly letting as the current owners live off site.
Comment: This has been a managed business since construction and has plenty of room for improvement left. We highly recommend this hotel.
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