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Sold Hotel/Leisure found in NORTHERN BEACHES (METROPOLITAN), NSW

BLUE CHIP EXECUTIVE APARTMENT BLOCK

Investment | Development/Land | Hotel/Leisure

Gunning Real Estate is excited to offer for sale, via public auction, this premier northern beaches investment in one of Manly's most sought-after locations.
Comprising 6 recently refurbished apartments, this 3-level block is a very sound investment. All apartments present as a superb combination of contemporary design and original art deco features. The well maintained exterior and interiors, coupled with the exceptional location only moments to the Wharf, The Corso and the world famous Manly Beach, make this building very appealing to the rental market.
Property features:
> 6 exceptionally well presented 2 ½ bed units
> Rental Income - $295,620*
> Rare East Hill freehold
> 713sqm (approx.) site area
> 6 off-street car parks
*Fully leased approximate
The property will be offered for sale via public auction on Tuesday, July 4, 2017 at 10:30am. The auction will be held at auctionWORKS in-rooms, 50 Margaret Street, Sydney.

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Sale Price: Contact Agent    Building: 730m²    Land: 713m²

BUDGET ACCOMMODATION

Hotel/Leisure

Well regarded budget accommodation located in one of Sydneys premier beachside tourist hubs.
22 rooms freehold (approx), includes mixture of private double rooms, twin and dormitory-style facilities.
Majority of rooms have their own private toilet, shower facilities (ensuite) or self contained kitchenettes.
Large property spanning a site of 717m2 (approx).
Features accommodation + a number of large common areas, along with outdoor courtyard, TV room, common kitchen facilities and locker storage provisions.
Substantial freehold investment offered fully furnished and operational on a walk in, walk out basis.
Property Code: 171

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Sale Price: Contact Agent    Building: 717m²    Occupancy: Vacant

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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