SELLING AS A GOING CONCERN - INCLUDES FREEHOLD LAND AND ACCOMMODATION
This is a unique opportunity to buy yourself a viable business with solid return and a cosy place to live. Estreet guesthouse is a growing business with huge potential in the CBD area of Lismore and comes with a comfy manager’s apartment on site. The business was unaffected by recent floods.
Would suit person / couple wanting to relocate to the desirable North Coast.
Earning potential of $100k per anum. Currently 90% occupancy
Estreet guesthouse is a funky accommodation business in the CBD area of Lismore within walking distance to all amenities and services. We provide short term lodging in a fun, affordable, friendly and safe environment. The target market for guests includes; students, locums, travelling workers and overseas visitors. It is the only service of its type in Lismore and there is great potential, particularly for owner occupiers. We have well established and documented systems we will be happy to pass on.
We have a backpacker’s licence and a boarding house licence. In its current configuration the house has 9 rentable rooms including 5 doubles, 1 twin, 2 singles and a girl's-only dormitory which sleeps 3 with room to increase capacity.
The House is an historic building of 260 sq metres with high ceilings and large rooms. It is on a large block of 911 sq metres with space for 2 car parking spots and ample on street parking. There is separate accommodation downstairs for the owners / managers which is approx 130 sq metres with an additional 130 sq metres undercover, the area consists of:
1 living area with kitchenette, 1 bed room 1 bathroom Laundry Games Room Undercover outdoor area Storage Room 2 x Undercover parking
Recent improvements include a new roof, insulation, painting, refurbished bathrooms, refurbished Manager’s apartment, and new fire systems but still room for you to put your own stamp on it.
The sale price is based on a WIWO basis at $529,000 negotiable and includes all fittings, furniture, i.e. beds, linen, bedside tables, desks etc and equipment including fridges, ping pong table, outdoor picnic tables etc.
Phone enquiries - please quote property ID 18345