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: $193,190
Price: $685,000

Listing Agent(s)