PRIME SYDNEY SHORT-STAY MANAGEMENT RIGHTS - CIRCA. $1.3M NOP

Rare opportunity to acquire a short-stay business of significant scale and quality, situated in a prime location in Sydney’s north

  • Purpose-built, short-term property situated in a popular north Sydney suburb
  • 65 apartments in the letting pool with further growth opportunity
  • Large net profit of $1.295m (verified by specialist accountant Holman's)
  • Recently topped up 10-year Caretaking and 20-year Letting Agreements
  • Key operating space on freehold title - 38sqm
  • Hotel lobby, reception, ample storage facilities and secure parking
  • Close to transport, dining and entertainment precincts
  • Price Guide $5,500,000 + Freehold Office Lot
  • Property inspections are by appointment only

OFFERS VIA EXPRESSIONS OF INTEREST CAMPAIGN CLOSES ON FRIDAY 14TH JULY AT 5PM AEST

Listing Ref MR007759
Property Type Management Rights
Sale Type Management Rights - All
State NSW
Region Greater Sydney
Suburb Sydney
Net Profit $1,295,000
Price EXPRESSIONS OF INTEREST
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Alex Cook

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Tim Mayoh
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