10/03/2023
Unique Hotel Investment Opportunity in the Lower North Shore
Considering the Lower North Shore is a tightly held area, the opportunity to purchase a whole Hotel St Leonards and The Greenwich Inn is extremely unique.
Description:
* Opening in 1988, Hotel St Leonards and The Greenwich Inn provides 35 refurbished rooms in total including staff rooms, ranging from a two-person Double Room to a Family Room which can sleep up to five people.
* Consisting of a total Net Lettable Area of approximately 1,023m2, both 3½ - 4-star AAA-rated hotels offer secure, clean, comfortable, and affordable short-term accommodation.
* Nestled in an affluent, idyllic suburb, this is a sought-after parcel of land.
Financials:
The Hotel has a history of strong rental growth and occupancy, ensuring the value of the investment.
* Approx forecast income is $1,700,000 Nett.
Location:
Located in St Leonards/Greenwich, this property is very close to Hospitals, TAFE and has a Bus Stop which has multiple bus stops into the city. This provides easy access to transport, and in turn, a direct commute into the CBD and North Sydney.
The property is within close proximity to the city, making travel convenient, whilst also having ample green surroundings.