Tightly Held Serviced Apartment Hotel in Heart of Geelong
Tightly Held Serviced Apartment Hotel in Heart of Geelong
Tightly Held Serviced Apartment Hotel in Heart of Geelong
Tightly Held Serviced Apartment Hotel in Heart of Geelong
Tightly Held Serviced Apartment Hotel in Heart of Geelong

Tightly Held Serviced Apartment Hotel in Heart of Geelong

$780,000Under Offer

A great opportunity to obtain a 17 serviced apartment hotel in the heart of Geelong, best location you could desire. Easy to manage and is suitable for owner/operators or existing operators to absorb in the portfolio with a long lease remaining of 22 years.

Key Features

  • Great mix of studio, deluxe, one, two and three bedroom serviced apartments with an average room rate of $139.
  • Plenty of upside as new developments have been undertaken with work safe, TAC and the currently NDIS headquarters being built. Approx $260m invested around Nireeda Apartments.
  • Easy to manage operation and has been with the same owner for over 10 years.
  • Long lease remaining of 22 years.
  • Location is desirable for tourist, leisure and the corporate market, adjacent to Malop Street, the Esplanade, Westfield Shopping Centre and Deakin University all within walking distance.

 

NB: Property inspections are by appointment only

Key Details

Listing Ref: LH005081
Property Type: Apartment Hotels
Region: VIC - South West
Suburb: Geelong
Sale Type: Leasehold
Net Profit: $223,861
Price: $780,000

Listing Agent(s)