RARE 4-STAR SERVICED APART-HOTEL IN INNER-SYDNEY WITH C.$1M NET
Established and run currently under a management structure, this substantial short-stay management rights business is located in Sydney's tightly held lower north shore. An asset of scale and quality, the business has strong historical performance and delivers a net jsut shy of $1m and comes with the added security of newly topped up agreements to the full 25 year term.
- Over 100 keys with 70 in the short-term pool all under performance undertaking arrangement
- Brand new agreements, with 25-year max on the letting agreement and 10-year max on the caretaking agreement
- Verified net profit of $999,213 underpinned by a body corporate salary of $92,433
- Run under management with full-time reception staff, contract cleaners, housekeeping and maintenance teams
- No requirement to live onsite or own an apartment in the building
- Property has dual appeal to corporate and leisure markets providing consistent year-round demand
- Current brand agreement due to expire in April 2027 giving new owners the option to retain or white label the asset
- No food and beverage operations or leisure amenities to manage making this a low-maintenance operation
- Manager’s office/reception on freehold title comprises 28 sqm plus 10 sqm storage on the lower ground floor
- Current office hours run Monday to Friday 8am to 5pm and Saturday 9am to 1pm
- This operational model suits experienced operators seeking a large-scale Sydney asset
