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Hotel/Leisure For Sale found in INNER SOUTH EAST (METROPOLITAN), NSW

TROPHY SYDNEY BEACHSIDE INVESTMENT - THE CLOVELLY HOTEL

Investment | Hotel/Leisure | Retail | Development/Land

Colliers International and JLL have pleasure in presenting a truly iconic Sydney beachside investment, The Clovelly Hotel.
Just a short stroll to the sand in this stunning beachside locale, this iconic fully renovated state-of-the-art hotel is underpinned by a single tenancy to a world-class hotel group.
The commanding 1708m2 land holding features a stunning fit out, extensive outdoor areas and basement parking. Offered with a triple net lease and an income of $1,616,000 approximately per annum.
The Clovelly Hotel is the only prime beachside freehold hotel with a secure long term lease to world-class operators.
- Prized Eastern Suburbs beachside location
- Renowned blue chip tenant
- Rare and substantial elevated land parcel of 1708m2
- Triple net 10 x 10 lease - commenced February 2017
- Income $1,616,000 approx. per annum with annual increases
- Long term further development potential (STCA)
Expressions of Interest closing Wednesday, 30 August 2017 at 12pm.
For further information please contact the listing agents below;
Miron Solomons
Colliers International
0411 709 666
Peter Seeto
Colliers International
0400 222 666
John Musca
JLL
0424 257 004

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Price Contact Agent
Building 1708m²
Land 1708m²
Occupancy Tenanted
Property ID 265024

SOLD BY TEAM KELLY 0419 212 810

Investment | Retail | Hotel/Leisure | Showrooms

A unique opportunity for an investor to purchase this valuable property. Situated in Newtowns dynamic shopping strip. Located in close proximity to Sydney University, Royal Prince Alfred Hospital, Broadway, UTS, schools parks and Sydney Central Business District.
The Vanguard @ Newtown is a fully licensed trendy Soho style restaurant/bar/night club with POPE approval as a live entertainment venue. This valuable commercial freehold property is leased for a 5+5 years with a rental income of approx. $185,000 pa + GST. This is an excellent opportunity to acquire a 3 level building of approximately 440 sqm of floor area and over 323 sqm of land. Zoned General Business 3A. A most sought-after commercial building. King Street, Newtown is unique, electric and caters to all individuals. TRULY A RARE FIND

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Price: $3,215,000    Building: 440m²    Land: 323m²    Occupancy: Tenanted

Suburb Summary -

Below you will find the average advertised Sale Price, Rent & Yield for this suburb.

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list on Commercial Property Guide.
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